Premium Brands (TSE:PBH) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$86.21 and traded as low as C$78.01. Premium Brands shares last traded at C$78.59, with a volume of 109,341 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PBH shares. CIBC dropped their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. BMO Capital Markets decreased their price objective on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Stifel Nicolaus dropped their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. Finally, TD Securities decreased their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$103.11.

Premium Brands Stock Down 1.3 %

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 50-day simple moving average of C$79.57 and a 200-day simple moving average of C$86.21. The company has a market cap of C$3.49 billion, a PE ratio of 30.94, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) 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 period in the previous year, the business posted $1.27 EPS. Equities research analysts anticipate that Premium Brands Holdings Co. will post 6.039823 EPS for the current year.

Premium Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.85 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.33%. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Activity at Premium Brands

In other news, Director Johnny Ciampi acquired 3,500 shares of Premium Brands stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is currently owned by corporate insiders.

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.