The stock of Pizza Pizza Royalty Corp (TSE:PZA) hit a new 52-week high and has $22.42 target or 41.00% above today’s $15.90 share price. The 9 months bullish chart indicates low risk for the $401.57M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $22.42 price target is reached, the company will be worth $164.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5,125 shares traded hands. Pizza Pizza Royalty Corp (TSE:PZA) has risen 15.27% since April 7, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.
More notable recent Pizza Pizza Royalty Corp (TSE:PZA) news were published by: Marketwired.com which released: “Pizza Pizza Royalty Corp. Announces Third Quarter Financial Results” on November 09, 2016, also Reuters.com with their article: “BRIEF-Pizza Pizza Royalty Corp reports Q3 earnings per share of C$0.221” published on November 09, 2016, Marketwired.com published: “Pizza Pizza Royalty Corp. Increases Monthly Dividend” on April 20, 2015. More interesting news about Pizza Pizza Royalty Corp (TSE:PZA) were released by: Fool.ca and their article: “Pizza Pizza Royalty Corp.: What Industry Consolidation Means for the Stock” published on October 21, 2016 as well as Fool.ca‘s news article titled: “How Pizza Pizza Royalty Corp. and A&W Royalties Income Fund Can Pay You 1st” with publication date: September 20, 2016.
Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited in its Pizza Pizza and Pizza 73 restaurants. The company has a market cap of $401.57 million. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It has a 18.47 P/E ratio. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment.
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