Recent Research Analysts’ Ratings Changes for Premium Brands (PBH)

A number of research firms have changed their ratings and price targets for Premium Brands (TSE: PBH):

• 8/12/2024 – Premium Brands had its price target lowered by analysts at Royal Bank of Canada from C$101.00 to C$100.00. They now have a “sector perform” rating on the stock.
• 8/12/2024 – Premium Brands had its price target raised by analysts at TD Securities from C$125.00 to C$129.00. They now have a “buy” rating on the stock.
• 8/9/2024 – Premium Brands had its price target lowered by analysts at BMO Capital Markets from C$115.00 to C$111.00.
• 8/9/2024 – Premium Brands had its price target lowered by analysts at National Bankshares, Inc. from C$111.00 to C$101.00.

Premium Brands Stock Down 1.6 %

Shares of Premium Brands stock opened at C$86.83 on Wednesday. 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 Holdings Co. has a 12-month low of C$84.66 and a 12-month high of C$105.33. The firm has a market capitalization of C$3.86 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The stock’s fifty day moving average is C$91.04 and its 200-day moving average is C$89.91.

Premium Brands (TSE:PBH) last posted its quarterly earnings data 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 analyst estimates of C$1.70 billion. Equities analysts anticipate that Premium Brands Holdings Co. will post 4.6916442 earnings per share for the current year.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.85 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.40 annualized dividend and a dividend yield of 3.92%. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

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.