Premium Brands Holdings Co. (TSE:PBH) Receives C$112.30 Average Price Target from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$112.30.

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

Insider Transactions at Premium Brands

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

Premium Brands Stock Performance

PBH opened at C$95.43 on Wednesday. The stock has a market cap of C$4.24 billion, a P/E ratio of 37.57, a P/E/G 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 stock’s 50 day simple moving average is C$90.95 and its 200 day simple moving average is C$90.55. Premium Brands has a 1-year low of C$84.66 and a 1-year high of C$97.28.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. As a group, equities analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, September 30th. Premium Brands’s dividend payout ratio is presently 133.86%.

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.