Pizza Pizza Royalty (TSE:PZA) Price Target Raised to C$14.00 at TD Securities

Pizza Pizza Royalty (TSE:PZA) had its target price boosted by TD Securities from C$13.00 to C$14.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Pizza Pizza Royalty Stock Down 5.0 %

Shares of PZA stock opened at C$13.09 on Tuesday. The stock’s 50 day simple moving average is C$13.31 and its 200 day simple moving average is C$13.22. Pizza Pizza Royalty has a twelve month low of C$12.31 and a twelve month high of C$13.92. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19. The company has a market capitalization of C$322.50 million, a price-to-earnings ratio of 13.85 and a beta of 0.91.

Pizza Pizza Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a dividend of $0.0775 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.10%. Pizza Pizza Royalty’s dividend payout ratio (DPR) is presently 98.39%.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians.