Pizza Pizza Royalty (TSE:PZA) Shares Down 6.1% Following Analyst Downgrade

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) fell 6.1% during trading on Monday after TD lowered their price target on the stock from C$16.00 to C$14.00. TD currently has a hold rating on the stock. Pizza Pizza Royalty traded as low as C$14.67 and last traded at C$14.71. 122,546 shares were traded during mid-day trading, an increase of 181% from the average session volume of 43,666 shares. The stock had previously closed at C$15.66.Get Pizza Pizza Royalty alerts:Pizza Pizza Royalty Stock Down 11.6%The stock has a market cap of C$468.20 million, a P/E ratio of 14.73 and a beta of 0.53. The company has a quick ratio of 3.03, a current ratio of 1.64 and a debt-to-equity ratio of 15.24. The business has a 50-day simple moving average of C$15.86 and a 200-day simple moving average of C$15.69. Pizza Pizza Royalty (TSE:PZA - Get Free Report) last announced its earnings results on Wednesday, March 25th. The company reported C$0.24 EPS for the quarter. Pizza Pizza Royalty had a net margin of 76.59% and a return on equity of 10.21%. Analysts expect that Pizza Pizza Royalty Corp. will post 0.9896142 EPS for the current year. Pizza Pizza Royalty Announces DividendThe company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.0775 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, April 30th. Pizza Pizza Royalty's dividend payout ratio (DPR) is 98.94%. 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. Featured StoriesFive stocks we like better than Pizza Pizza RoyaltyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Pizza Pizza Royalty Right Now?Before you consider Pizza Pizza Royalty, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pizza Pizza Royalty wasn't on the list.While Pizza Pizza Royalty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here