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

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$90.22 and traded as low as C$80.28. Premium Brands shares last traded at C$80.35, with a volume of 54,266 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. CIBC decreased their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets cut their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Finally, National Bankshares boosted their target price on 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$103.50.

Premium Brands Price Performance

The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The business has a 50 day simple moving average of C$90.15 and a 200-day simple moving average of C$90.22. The firm has a market cap of C$3.57 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 1.10 and a beta of 0.98.

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 return on equity of 6.43% and a net margin of 1.78%. During the same period in the prior year, the company posted $1.27 EPS. Equities research analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.23%. Premium Brands's dividend payout ratio is currently 133.86%.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi acquired 3,500 shares of Premium Brands stock in a transaction on Friday, November 8th. The stock was purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Also, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is 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.