Key Points
- Director purchase: Neil Gainford Lester bought 1,000 Pizza Pizza Royalty shares for C$11.02 each, investing C$11,020 and increasing his direct ownership by 16.43% to 7,087 shares.
- Dividend yield: The company pays a monthly dividend of C$0.0675, equivalent to C$0.81 annually and a 7.6% yield, though its payout ratio is 100%.
- Analyst outlook: Analysts maintain a consensus “Hold” rating with an average price target of C$14.00, compared with the stock’s reported opening price of C$10.70.
Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) Director Neil Gainford Lester bought 1,000 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average cost of C$11.02 per share, for a total transaction of C$11,020.00. Following the acquisition, the director directly owned 7,087 shares of the company's stock, valued at C$78,098.74. The trade was a 16.43% increase in their ownership of the stock.
Pizza Pizza Royalty Stock Up 1.1%
Pizza Pizza Royalty stock opened at C$10.70 on Friday. Pizza Pizza Royalty Corp. has a 1-year low of C$10.56 and a 1-year high of C$16.73. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.66 and a quick ratio of 3.02. The stock has a market cap of C$361.71 million, a PE ratio of 11.76 and a beta of 0.55. The stock's fifty day moving average is C$12.09 and its two-hundred day moving average is C$13.46.
Pizza Pizza Royalty Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.0675 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.6%. Pizza Pizza Royalty's dividend payout ratio is presently 100.00%.
Analysts Set New Price Targets
Separately, TD Securities raised Pizza Pizza Royalty to a "hold" rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$14.00.
Read Our Latest Stock Report on PZA
Pizza Pizza Royalty Company Profile
(
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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