Premium Brands (TSE:PBH) Sets New 12-Month Low – What’s Next?

Premium Brands Holdings Co. (TSE:PBH)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$84.60 and last traded at C$85.09, with a volume of 62122 shares trading hands. The stock had previously closed at C$85.39.

Analyst Ratings Changes

A number of analysts have issued reports on PBH shares. 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. National Bankshares boosted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Stifel Nicolaus dropped their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. CIBC cut their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday. Finally, Royal Bank of Canada lowered their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Performance

The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The stock has a market cap of C$3.38 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$91.17 and its two-hundred day moving average is C$90.54.

Premium Brands (TSE:PBH) last announced 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 return on equity of 6.43% and a net margin of 1.78%. During the same quarter last year, the company posted $1.27 EPS. Analysts anticipate that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a dividend yield of ∞. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the 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. Corporate insiders own 2.01% of the company’s stock.

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.