Premium Brands (TSE:PBH) Stock Passes Below 200 Day Moving Average of $90.69

Premium Brands Holdings Co. (TSE:PBH) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$90.69 and traded as low as C$88.12. Premium Brands shares last traded at C$89.00, with a volume of 54,174 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PBH shares. Pi Financial restated a “buy” rating and set a C$112.00 price objective on shares of Premium Brands in a report on Tuesday, April 16th. Royal Bank of Canada boosted their target price on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. BMO Capital Markets decreased their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a report on Monday, March 18th. National Bankshares upped their target price on shares of Premium Brands from C$110.00 to C$112.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 14th. Finally, Stifel Nicolaus lifted their price target on shares of Premium Brands from C$104.00 to C$106.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and a consensus price target of C$113.50.

Premium Brands Stock Up 0.6 %

The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 159.19. The company has a market cap of C$3.95 billion, a P/E ratio of 41.78, a P/E/G ratio of 1.10 and a beta of 1.00. The business’s 50 day moving average is C$89.11 and its 200 day moving average is C$90.69.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.02). Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. The company had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.45 billion. As a group, equities analysts anticipate that Premium Brands Holdings Co. will post 4.9137555 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, June 28th. Premium Brands’s dividend payout ratio is currently 159.62%.

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.