Premium Brands (TSE:PBH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Premium Brands Holdings Co. (TSE:PBH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$90.15 and traded as high as C$94.25. Premium Brands shares last traded at C$93.72, with a volume of 35,971 shares changing hands.

Wall Street Analyst Weigh In

PBH has been the subject of a number of analyst reports. TD Securities upped their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada lowered their price target on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets cut their price objective on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Finally, National Bankshares decreased their target price on Premium Brands from C$111.00 to C$101.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$112.30.

Premium Brands Price Performance

The stock’s 50-day moving average price is C$90.10 and its 200 day moving average price is C$90.15. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The firm has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The business had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. Equities research analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insiders Place Their Bets

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.