Premium Brands Holdings Co. (TSE:PBH) Given Consensus Rating of “Moderate Buy” by Analysts

Premium Brands Holdings Co. (TSE:PBH) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$103.50.

PBH has been the topic of several analyst reports. CIBC lowered their target price on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets lowered their target price on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. TD Securities lowered their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus decreased their price target on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Finally, National Bankshares lifted their price target on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th.

Insider Activity at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, with a total value of C$269,570.00. Insiders own 2.01% of the company’s stock.

Premium Brands Price Performance

PBH stock opened at C$81.49 on Friday. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.28. The firm has a market capitalization of C$3.62 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.10 and a beta of 0.98. The business’s 50-day moving average is C$90.40 and its two-hundred day moving average is C$90.31.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period last year, the business posted $1.27 EPS. Analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.17%. Premium Brands’s dividend payout ratio (DPR) is 133.86%.

About Premium Brands

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.