TSE:PZA

Pizza Pizza Royalty (PZA.TO)

13.11
-0.18 (1.35%)
as of Jul 6, 2026, 7:33:17 pm Market Open.
158 watching
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Investor Insights
star iconJul 6, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Pizza Pizza Royalty (PZA-T) is primarily regarded as a yield play, with a notable yield of approximately 6.1%. Experts express that while they acknowledge the dividend appeal of the stock, they haven't conducted an extensive analysis to form a solid opinion on its overall valuation. The firm holding the stock reflects its limited engagement, primarily due to existing clients who have had prior investments and are satisfied with the dividends received. This suggests that the stock’s performance is more tied to income generation rather than capital appreciation, making it attractive for income-focused investors seeking high-yield opportunities. However, a detailed evaluation of the stock's market dynamics and potential growth remains pending, leaving some uncertainty about the investment's long-term value.

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Consensus
Neutral
valuation icon
Valuation
Fair Value
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STRONG BUY
Same-store sales growth has been pretty good. Bought a chain in Alberta to being a pretty good exposure.
COMMENT
Hit all their numbers. Question: how do restaurant trusts transition in 2011? Very unusual corporate structures. No one has settled this yet but the business itself is good.
PAST TOP PICK
(A Top Pick July 27/07. Down 15%.) Bulk of their business is in southwestern Ontario where there is manufacturing slowdown. Some confusion in the market also. Royalty trusts earn royalties on the top line sales. Very stable, attractive business and is still a Buy.
BUY
The dominant pizza chain in Ontario.
BUY
Not worried about the distributions. Quick service restaurants tend to be a little more resilient in tough economic times. Have better growth aspects with their acquisition they made in Western Canada. Doesn't expect the stock price to rally much in the next 6 to 9 months. Near 10% yield.
BUY
Very competent operator. Share price bounces in the $9 to $10 range. 9.7% yield. He is comfortable owning this one for the long term.
BUY
(Market Call Minute.) Great company. Good results yesterday in a tough environment. Grew sales at 4.9%. Getting good sales growth from the acquisition they made in Alberta.
BUY
Has same store sales growth of about 5% due to the acquisition of an Alberta franchise. Not expected to continue. Ontario has a bit of weakness. Good management. Good price.
WEAK BUY
Hasn’t gotten respect they deserved. Have delivered a lot of consistent sales returns. Flown under the radar. Benefit from inflation. Murky in long term.
TOP PICK
The dominant pizza vendor in Ontario. Just acquired a very successful, profitable and fast-growing franchise in Alberta at an attractive valuation. Income is in the form of an annual fee from the franchisees on every $1 of sales. 9% yield.
BUY
Expanding into Alberta with the acquisition of 2 other pizza chains. This is a good deal as it allows them to get outside of the Ontario market.
COMMENT
Doesn't think this will be around as an income trust past 2011. Fully valued.
BUY
Great retail product as the cash flows are relatively stable. One of the best managed of the royalty businesses. Expanding. Fairly valued.
BUY
One f those businesses that has great long-term growth potential.
BUY
A restaurant royalty trust, which inherently have very high payout ratios. Limited costs so they payout 95% of their cash flow. Very smart marketing team.
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