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

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

Several analysts have issued reports on PBH shares. Stifel Nicolaus cut their price objective on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. CIBC reduced their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Finally, National Bankshares lifted their price target 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.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi acquired 2,000 shares of Premium Brands stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price 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 Performance

Shares of PBH opened at C$81.27 on Monday. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The firm’s 50 day moving average is C$81.34 and its 200-day moving average is C$87.89. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.10. The stock has a market capitalization of C$3.61 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.10 and a beta of 0.98.

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 return on equity of 6.43% and a net margin of 1.78%. During the same quarter last year, the business posted $1.27 earnings per share. Equities research analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.18%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s payout ratio is currently 133.86%.

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.