Johnny Ciampi Acquires 2,000 Shares of Premium Brands Holdings Co. (TSE:PBH) Stock

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of C$78.78 per share, with a total value of C$157,560.00.

Johnny Ciampi also recently made the following trade(s):

• On Friday, November 8th, Johnny Ciampi purchased 3,500 shares of Premium Brands stock. The stock was bought at an average cost of C$77.02 per share, with a total value of C$269,570.00.

Premium Brands Price Performance

Shares of PBH stock traded up C$0.25 during trading hours on Friday, hitting C$78.51. The company had a trading volume of 32,632 shares, compared to its average volume of 60,121. Premium Brands Holdings Co. has a 12 month low of C$75.67 and a 12 month high of C$97.28. The firm has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The firm’s fifty day moving average is C$88.95 and its 200 day moving average is C$89.71.

Premium Brands (TSE:PBH) last issued its quarterly 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 in the prior year, the firm earned $1.27 EPS. On average, sell-side analysts predict that Premium Brands Holdings Co. will post 6.039823 EPS 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. Investors of record on Tuesday, December 31st will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBH. BMO Capital Markets decreased their target price on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. TD Securities decreased their target price 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. CIBC dropped their target price on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares boosted their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reduced their price target on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$103.50.

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.