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Bullboard - Stock Discussion Forum Pizza Pizza Royalty Corp T.PZA

Alternate Symbol(s):  PZRIF

Pizza Pizza Royalty Corp., through Pizza Pizza Royalty Limited Partnership (the Partnership), owns the trademarks, trade names and other intellectual property used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants and in its international franchising business. PPL is a privately held company that provides service and operational support to restaurant operators. Pizza... see more

TSX:PZA - Post Discussion

Pizza Pizza Royalty Corp > Security and safety: PZA, a trusted brand, adapting quickly
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Post by SilverSpewn on Aug 13, 2020 10:18am

Security and safety: PZA, a trusted brand, adapting quickly

As per TD's Derek Lessard today: "PZA should gain share and outperform its peers in this difficult environment. In the long term, we expect PZA to also benefit in a post-"social distancing" world, where consumers could remain wary of frequenting casual dining establishments. Despite all this, PZA shares remain one of the cheapest QSRs stocks in North America and we can think of no good reason why they should not be trading at their pre-pandemic level of $10."

TD Securities has a BUY rating on PZA with a $10.50 price target citing a strong and growing delivery focus and strong value proposition due to its large scale as two main competitive advantages leading them to believe that there are "few better-placed QSRs in Canada that could outperform in this environment".
Comment by flamingogold on Aug 17, 2020 2:27pm
PZA is only benefitting from a pandemic situation where indoor dining is limited and feared. They still lag imo and the shares reflect that considering that the bulk of their sales are based on take out. Just look at their direct peer Dominos, they are knocking it out of the park. Sad as it may be, but PZA stock holders need to hope for a prolonged covid crises for the stock to hold up.
Comment by BoredDeveloper on Aug 17, 2020 11:40pm
Pizza Hut is seeing the same thing - closing restaurants while take-out sales boom. Up to 300 US Pizza Hut locations to close
Comment by flamingogold on Aug 18, 2020 8:29am
That franchisee (NPC) was already in deep trouble before the pandemic. As I've stated many times, PZA could benefit by cutting back on it's footprint as the dine-in model for pizza has been long dead. "In 2019, NPC saw its debt slide further and further into junk territory after credit downgrades from S&P Global Ratings and Moody’s. Both ratings agencies downgraded the franchisee ...more  
Comment by ol_griz on Aug 18, 2020 2:57pm
You're so right  Look at Boston Pizza since February. https://stockhouse.com/companies/quote?symbol=t.bpf.un
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