Key Points
- Director Edward Peter Howard Nash bought 1,500 shares of Pizza Pizza Royalty at C$12.75 each, spending C$19,125 and increasing his holdings by 21.43% to 8,500 shares.
- The company recently declared a monthly dividend of C$0.0675 per share, payable on June 15, which implies a 6.4% annualized yield, though the payout ratio is high at 98.09%.
- TD lowered its price target on Pizza Pizza Royalty from C$14.00 to C$12.00 and kept a hold rating, while analysts overall continue to rate the stock as a hold.
Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) Director Edward Peter Howard Nash purchased 1,500 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of C$12.75 per share, with a total value of C$19,125.00. Following the purchase, the director owned 8,500 shares in the company, valued at C$108,375. This represents a 21.43% increase in their ownership of the stock.
Pizza Pizza Royalty Price Performance
Shares of Pizza Pizza Royalty stock opened at C$12.75 on Thursday. The company has a quick ratio of 3.03, a current ratio of 1.64 and a debt-to-equity ratio of 15.24. Pizza Pizza Royalty Corp. has a twelve month low of C$12.22 and a twelve month high of C$16.73. The business has a 50-day moving average price of C$14.60 and a 200 day moving average price of C$15.38. The firm has a market cap of C$431.01 million, a PE ratio of 13.45 and a beta of 0.51.
Pizza Pizza Royalty (TSE:PZA - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. Sell-side analysts predict that Pizza Pizza Royalty Corp. will post 0.9896142 earnings per share for the current fiscal year.
Pizza Pizza Royalty Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.0675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 6.4%. Pizza Pizza Royalty's dividend payout ratio (DPR) is currently 98.09%.
Analysts Set New Price Targets
Separately, TD dropped their price target on shares of Pizza Pizza Royalty from C$14.00 to C$12.00 and set a "hold" rating on the stock in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Pizza Pizza Royalty presently has an average rating of "Hold" and an average target price of C$14.00.
View Our Latest Stock Report on Pizza Pizza Royalty
About Pizza Pizza Royalty
(
Get Free Report)
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. The business activity of the group primarily functions through Canada.
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