Premium Brands Holdings Co. (TSE:PBH) Receives C$112.30 Consensus Target Price from Analysts

Premium Brands Holdings Co. (TSE:PBH) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$112.30.

Several brokerages have recently commented on PBH. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. TD Securities lifted their target price on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets reduced their target price on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. Finally, National Bankshares decreased their price target on Premium Brands from C$111.00 to C$101.00 in a research report on Friday, August 9th.

Premium Brands Stock Performance

Shares of PBH opened at C$96.75 on Wednesday. The firm has a market capitalization of C$4.30 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 52 week low of C$84.66 and a 52 week high of C$97.28. The stock has a 50 day moving average price of C$90.60 and a two-hundred day moving average price of C$90.46. 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 announced its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.32 by C($0.04). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. The company had revenue of C$1.70 billion for the quarter, compared to the consensus estimate of C$1.70 billion. Equities analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Activity at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is currently owned by company insiders.

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.