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

Premium Brands Holdings Co. (TSE:PBH) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$103.11.

A number of equities research analysts recently weighed in on the company. National Bankshares raised 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. Stifel Nicolaus lowered their target price on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. TD Securities reduced their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock 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 company an “outperform” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets reduced their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of C$78.78 per share, with a total value of C$157,560.00. Company insiders own 2.01% of the company’s stock.

Premium Brands Stock Performance

TSE PBH opened at C$81.27 on Monday. Premium Brands has a 52-week low of C$75.67 and a 52-week high of C$97.10. 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 has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 1.10 and a beta of 0.98. The company’s fifty day moving average is C$81.34 and its two-hundred day moving average is C$87.89.

Premium Brands (TSE:PBH) last announced 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 net margin of 1.78% and a return on equity of 6.43%. During the same period last year, the business posted $1.27 earnings per share. Equities research analysts forecast that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend 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.