Premium Brands (TSE:PBH) Share Price Passes Above 50 Day Moving Average - What's Next?

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$81.09 and traded as high as C$81.81. Premium Brands shares last traded at C$80.07, with a volume of 45,046 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on PBH. BMO Capital Markets cut their price target on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Royal Bank of Canada dropped their price target on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Stifel Nicolaus decreased their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. CIBC cut their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Finally, National Bankshares raised their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$103.11.

Premium Brands Stock Performance

The firm has a market capitalization of C$3.53 billion, a P/E ratio of 31.31, 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 moving average is C$81.09 and its two-hundred day moving average is C$87.83.

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 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 period last year, the company posted $1.27 earnings per share. As a group, equities analysts anticipate that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.85 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 annualized dividend and a yield of 4.28%. Premium Brands's dividend payout ratio is presently 133.86%.

Insider Transactions at Premium Brands

In other Premium Brands news, Director Johnny Ciampi purchased 2,000 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is currently owned by insiders.

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.