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 a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$112.30.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. BMO Capital Markets cut their price objective on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. National Bankshares decreased their target price on Premium Brands from C$111.00 to C$101.00 in a report on Friday, August 9th. Finally, TD Securities lifted their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a report on Monday, August 12th.

Insider Buying and Selling

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is owned by corporate insiders.

Premium Brands Stock Performance

Shares of TSE PBH opened at C$94.42 on Wednesday. The stock’s 50-day moving average is C$90.14 and its 200 day moving average is C$90.26. The stock has a market cap of C$4.19 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$84.66 and a 1-year high of C$97.28. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. The company had revenue of C$1.70 billion for the quarter, compared to the consensus estimate of C$1.70 billion. On average, sell-side analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Monday, September 30th. Premium Brands’s dividend payout ratio is currently 133.86%.

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.