Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Premium Brands Holdings Co. (TSE:PBH) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$103.11.

PBH has been the topic of a number of research reports. CIBC reduced their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. National Bankshares raised their price objective on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. TD Securities reduced their target price on 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 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets cut their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th.

Insider Transactions at Premium Brands

In other news, Director Johnny Ciampi purchased 2,000 shares of the stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Insiders own 2.01% of the company’s stock.

Premium Brands Trading Up 0.7 %

Shares of PBH opened at C$80.28 on Friday. 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 debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The company’s fifty day moving average is C$79.69 and its 200 day moving average is C$86.85. The stock has a market capitalization of C$3.57 billion, a PE ratio of 31.61, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate 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 company posted $1.27 EPS. Sell-side analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.85 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.24%. Premium Brands’s dividend payout ratio (DPR) is 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.