Brokerages Set Premium Brands Holdings Co. (TSE:PBH) PT at C$103.11

Premium Brands Holdings Co. (TSE:PBH) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$103.11.

PBH has been the topic of several analyst reports. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. TD Securities cut their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets lowered their price objective on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Royal Bank of Canada cut their target price on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Finally, CIBC decreased their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th.

Insider Activity at Premium Brands

In related news, Director Johnny Ciampi acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Insiders own 2.01% of the company’s stock.

Premium Brands Price Performance

PBH stock opened at C$79.62 on Friday. The firm has a market cap of C$3.54 billion, a P/E ratio of 31.35, a price-to-earnings-growth 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. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.10. The stock has a 50-day simple moving average of C$79.60 and a 200-day simple moving average of C$86.26.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company posted $1.27 earnings per share. On average, equities analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.85 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.27%. Premium Brands’s payout ratio is currently 133.86%.

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.