Premium Brands Holdings Co. (TSE:PBH) Receives C$103.11 Consensus PT from Analysts

Premium Brands Holdings Co. (TSE:PBH) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$103.11.

Several analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 price target on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada dropped their price objective on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Stifel Nicolaus reduced their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Finally, CIBC dropped their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th.

Premium Brands Stock Performance

Shares of Premium Brands stock opened at C$79.08 on Monday. The stock has a market cap of C$3.51 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.10. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The business has a fifty day simple moving average of C$81.85 and a 200-day simple moving average of C$88.01.

Premium Brands (TSE:PBH) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 in the previous year, the firm posted $1.27 EPS. On average, sell-side analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.85 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.30%. Premium Brands’s payout ratio is presently 133.86%.

Insider Activity at Premium Brands

In related news, Director Johnny Ciampi acquired 3,500 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is owned by corporate insiders.

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.