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

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$103.11.

A number of equities analysts recently commented on the company. CIBC dropped their price objective on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, National Bankshares raised their target price on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is owned by corporate insiders.

Premium Brands Trading Up 0.0 %

TSE PBH opened at C$79.61 on Monday. The company has a market capitalization of C$3.54 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.10. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The firm’s fifty day simple moving average is C$82.87 and its 200-day simple moving average is C$88.26.

Premium Brands (TSE:PBH) last issued its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 earned $1.27 earnings per share. As a group, sell-side analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid 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 4.27%. Premium Brands’s payout ratio is presently 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.