Premium Brands Holdings Co. (TSE:PBH) Director Acquires C$269,570.00 in Stock

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi purchased 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of C$77.02 per share, for a total transaction of C$269,570.00.

Premium Brands Price Performance

TSE PBH traded up C$0.37 on Friday, reaching C$76.43. The company’s stock had a trading volume of 130,564 shares, compared to its average volume of 53,415. Premium Brands Holdings Co. has a twelve month low of C$75.67 and a twelve month high of C$97.28. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The stock has a market cap of C$3.39 billion, a PE ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The firm’s 50 day moving average is C$91.17 and its two-hundred day moving average is C$90.54.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter last year, the company earned $1.27 earnings per share. As a group, sell-side analysts predict that Premium Brands Holdings Co. will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.45%. Premium Brands’s dividend payout ratio is 133.86%.

Wall Street Analysts Forecast Growth

PBH has been the subject of several recent research reports. National Bankshares boosted their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Stifel Nicolaus lowered their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. CIBC lowered their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday. BMO Capital Markets lowered their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Finally, TD Securities lowered their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and an average price target of C$108.30.

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.