Analysts Set Premium Brands Holdings Co. (TSE:PBH) PT at C$112.30

Shares of Premium Brands Holdings Co. (TSE:PBH) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$112.30.

A number of brokerages have recently issued reports on PBH. TD Securities lifted their price target on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets dropped their target price on shares of Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. National Bankshares decreased their price target on shares of Premium Brands from C$111.00 to C$101.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price objective 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.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction that occurred 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 currently owned by corporate insiders.

Premium Brands Stock Performance

TSE PBH opened at C$96.75 on Wednesday. The company’s 50 day simple moving average is C$90.60 and its two-hundred day simple moving average is C$90.46. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$97.28. The stock has a market capitalization of C$4.30 billion, a PE ratio of 38.09, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.70 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. Analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.51%. Premium Brands’s dividend payout ratio (DPR) 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.