Premium Brands Holdings Co. (TSE:PBH) Declares $0.85 Quarterly Dividend

Premium Brands Holdings Co. (TSE:PBH) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.85 per share on Tuesday, October 15th. This represents a $3.40 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, September 30th.

Premium Brands Stock Down 0.8 %

PBH opened at C$95.05 on Friday. The company has a market cap of C$4.22 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$97.28. The company has a 50-day moving average price of C$89.87 and a 200 day moving average price of C$89.88. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion for the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. Sell-side analysts expect that Premium Brands will post 6.1078494 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. National Bankshares lowered their target price on shares of Premium Brands from C$111.00 to C$101.00 in a research note on Friday, August 9th. TD Securities upped their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada decreased their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, BMO Capital Markets dropped their price target on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Premium Brands currently has an average rating of “Moderate Buy” and a consensus target price of C$112.30.

Insiders Place Their Bets

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The stock was 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 company insiders.

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.