Premium Brands (TSE:PBH) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$89.06 and traded as low as C$79.35. Premium Brands shares last traded at C$79.49, with a volume of 61,089 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. National Bankshares raised their price target on shares of 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. TD Securities decreased their price target on shares of 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. Stifel Nicolaus decreased their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Finally, CIBC cut their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Premium Brands presently has an average rating of “Moderate Buy” and an average target price of C$103.50.

Premium Brands Trading Up 0.3 %

The firm has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.10 and a beta of 0.98. The business’s 50-day simple moving average is C$85.86 and its two-hundred day simple moving average is C$88.99. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $1.27 EPS. Equities analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Activity at Premium Brands

In other news, Director Johnny Ciampi purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average price of C$78.78 per share, for a total transaction of C$157,560.00. Company 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.