Premium Brands Holdings Co. (TSE:PBH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$103.11.

Several research analysts recently weighed in on PBH shares. TD Securities decreased their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. National Bankshares lifted their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. CIBC reduced their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Finally, Stifel Nicolaus dropped their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th.

Premium Brands Price Performance

Shares of TSE PBH opened at C$79.62 on Friday. The firm’s 50-day simple moving average is C$79.60 and its 200 day simple moving average is C$86.26. The stock has a market cap of C$3.54 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.10.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $1.27 earnings per share. Equities analysts expect that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Tuesday, December 31st. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi purchased 2,000 shares of the stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is owned by corporate insiders.

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.