Stifel Nicolaus Lowers Premium Brands (TSE:PBH) Price Target to C$101.00

Premium Brands (TSE:PBH) had its price objective cut by Stifel Nicolaus from C$106.00 to C$101.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other research firms also recently commented on PBH. TD Securities lowered their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday. Finally, National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$108.30.

Premium Brands Stock Performance

Premium Brands stock traded up C$0.24 during midday trading on Thursday, hitting C$76.30. The stock had a trading volume of 123,323 shares, compared to its average volume of 53,389. The company has a market capitalization of C$3.39 billion, a PE ratio of 30.43, a P/E/G ratio of 1.10 and a beta of 0.98. The firm’s fifty day moving average is C$91.17 and its two-hundred day moving average is C$90.54. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. Premium Brands has a 52-week low of C$75.67 and a 52-week high of C$97.28.

Premium Brands (TSE:PBH) last issued its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business earned $1.27 EPS. On average, research analysts forecast that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

Insider Buying and Selling at Premium Brands

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