Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$112.30.

A number of equities analysts recently weighed in on PBH shares. National Bankshares decreased their price objective on Premium Brands from C$111.00 to C$101.00 in a report on Friday, August 9th. BMO Capital Markets cut their price objective on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Royal Bank of Canada dropped their price target on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Finally, TD Securities lifted their price objective on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research note on Monday, August 12th.

Premium Brands Stock Up 1.1 %

Shares of TSE:PBH opened at C$95.71 on Friday. The company has a market capitalization of C$4.25 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. 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 business has a fifty day moving average price of C$89.68 and a two-hundred day moving average price of C$89.69. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$98.17.

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). The company had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. Analysts forecast that Premium Brands will post 6.1078494 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. Shareholders of record on Monday, September 30th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.40 dividend on an annualized basis and a yield of 3.55%. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Insiders own 2.01% of the company’s stock.

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.