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

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

PBH has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. BMO Capital Markets decreased their target price on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. TD Securities dropped their price target 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. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus dropped their target price on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th.

Premium Brands Trading Up 0.0 %

Shares of TSE:PBH opened at C$79.61 on Monday. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.10. 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 market cap of C$3.54 billion, a PE ratio of 31.34, a P/E/G ratio of 1.10 and a beta of 0.98. The company’s 50-day moving average price is C$82.87 and its 200 day moving average price is C$88.26.

Premium Brands (TSE:PBH) last released 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 net margin of 1.78% and a return on equity of 6.43%. During the same period in the prior year, the firm posted $1.27 EPS. Sell-side analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.85 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.27%. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

Insiders Place Their Bets

In other Premium Brands news, Director Johnny Ciampi acquired 2,000 shares of Premium Brands stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of C$78.78 per share, with a total value 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.