Premium Brands Holdings Co. (TSE:PBH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$103.11.

Several equities analysts have weighed in on PBH shares. Stifel Nicolaus dropped their price target on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the company an "outperform" rating in a research note on Thursday, December 19th. National Bankshares boosted their price target on Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, TD Securities dropped their target price on Premium Brands from C$129.00 to C$120.00 and set a "buy" rating for the company in a research note on Thursday, November 7th.

Insider Activity

In other news, Director Johnny Ciampi bought 3,500 shares of Premium Brands stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of C$77.02 per share, with a total value of C$269,570.00. Insiders own 2.01% of the company's stock.

Premium Brands Price Performance

Premium Brands stock traded up C$0.26 during mid-day trading on Friday, reaching C$80.54. The company had a trading volume of 43,939 shares, compared to its average volume of 47,574. The company has a market capitalization of C$3.58 billion, a P/E ratio of 31.71, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The stock's 50-day simple moving average is C$79.69 and its 200-day simple moving average is C$86.85. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.10.

Premium Brands (TSE:PBH - Get Free Report) last announced its quarterly earnings results 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 in the previous year, the company posted $1.27 earnings per share. On average, equities analysts predict that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.85 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.22%. Premium Brands's dividend payout ratio (DPR) is 133.86%.

Premium Brands Company Profile

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.