Premium Brands (TSE:PBH) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) shares crossed 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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PBH shares. Stifel Nicolaus decreased their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. BMO Capital Markets decreased their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. TD Securities reduced their price objective 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. CIBC cut their price objective on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Finally, National Bankshares boosted their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$103.50.

Premium Brands Price Performance

The business has a fifty day simple moving average of C$85.86 and a 200-day simple moving average of C$88.99. The stock has a market capitalization of C$3.54 billion, a P/E ratio of 31.38, 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.

Premium Brands (TSE:PBH - Get Free Report) last posted 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 net margin of 1.78% and a return on equity of 6.43%. During the same quarter in the prior year, the company earned $1.27 earnings per share. Sell-side analysts expect that Premium Brands Holdings Co. 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 will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.27%. Premium Brands's dividend payout ratio (DPR) is presently 133.86%.

Insider Buying and Selling at Premium Brands

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