Premium Brands Holdings Co. (TSE:PBH) Given Average Rating of “Moderate Buy” by Analysts

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$111.70.

Several brokerages recently weighed in on PBH. Pi Financial reissued a “buy” rating and issued a C$112.00 price objective on shares of Premium Brands in a report on Tuesday, April 16th. National Bankshares boosted their price target on shares of Premium Brands from C$109.00 to C$110.00 and gave the company a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a report on Monday, March 18th. Desjardins lowered their target price on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, TD Securities cut their price target on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating for the company in a report on Monday, March 18th.

Premium Brands Trading Down 0.7 %

Shares of PBH stock opened at C$90.20 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 149.12. The firm has a market cap of C$4.01 billion, a P/E ratio of 42.75, a PEG ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average of C$88.76 and a 200-day moving average of C$91.12. Premium Brands has a 12-month low of C$84.66 and a 12-month high of C$113.60.

Premium Brands (TSE:PBH) last released its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). The firm had revenue of C$1.55 billion during the quarter, compared to analysts’ expectations of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%. Sell-side analysts anticipate that Premium Brands will post 4.8440524 earnings per share for the current year.

Premium Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.85 per share. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date was Wednesday, March 27th. This represents a $3.40 annualized dividend and a yield of 3.77%. Premium Brands’s dividend payout ratio (DPR) is currently 161.14%.

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.