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

Premium Brands Holdings Co. (TSE:PBH) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$108.30.

A number of brokerages recently issued reports on PBH. BMO Capital Markets cut their target price on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday. National Bankshares lifted their price target on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Finally, TD Securities lowered their price objective 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.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Trading Up 0.6 %

PBH opened at C$76.55 on Friday. The company has a market cap of C$3.40 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a fifty day moving average price of C$90.94 and a two-hundred day moving average price of C$90.52. 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 has a 1-year low of C$75.67 and a 1-year high of C$97.28.

Premium Brands (TSE:PBH) last posted 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 period last year, the company earned $1.27 EPS. Analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.85 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.44%. Premium Brands’s dividend payout ratio (DPR) is currently 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.