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

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$103.11.

A number of research firms recently weighed in on PBH. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Stifel Nicolaus cut their price target on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CIBC reduced their target price on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets decreased their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th.

Insider Buying and Selling

In other Premium Brands news, Director Johnny Ciampi purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is currently owned by company insiders.

Premium Brands Stock Down 0.0 %

Shares of PBH opened at C$79.78 on Friday. The business’s fifty day moving average price is C$79.62 and its two-hundred day moving average price is C$86.42. The firm has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a 52 week low of C$75.67 and a 52 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.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) 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 firm posted $1.27 earnings per share. On average, analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

Premium Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is presently 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.