Premium Brands (TSE:PBH) Hits New 1-Year Low – Here’s Why

Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week low on Monday . The company traded as low as C$74.10 and last traded at C$75.92, with a volume of 30306 shares traded. The stock had previously closed at C$78.59.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. National Bankshares lifted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. TD Securities dropped their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. CIBC reduced their target price on shares of 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 company an “outperform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Stock Performance

The stock has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth 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. The company has a 50 day simple moving average of C$79.57 and a 200-day simple moving average of C$86.11.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) 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 in the prior year, the firm posted $1.27 EPS. As a group, equities research analysts expect that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Tuesday, December 31st. Premium Brands’s dividend payout ratio is currently 133.86%.

Insiders Place Their Bets

In other news, Director Johnny Ciampi purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. 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.