Analysts Set Premium Brands Holdings Co. (TSE:PBH) PT at C$108.30

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$103.50.

Several brokerages have recently commented on PBH. CIBC decreased their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada decreased their price target on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. TD Securities decreased 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 note on Thursday, November 7th. Finally, National Bankshares raised their target price on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In related news, Director Johnny Ciampi bought 3,500 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Also, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction on 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 owned by company insiders.

Premium Brands Stock Performance

TSE:PBH opened at C$80.57 on Friday. Premium Brands has a twelve month low of C$75.67 and a twelve month high of C$97.28. The company has a market cap of C$3.58 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The company’s 50-day moving average price is C$90.26 and its 200-day moving average price is C$90.28.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period in the previous year, the business posted $1.27 EPS. On average, sell-side analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

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 issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio is currently 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.