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

Premium Brands Holdings Co. (TSE:PBH) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$111.60.

Several analysts have issued reports on PBH shares. Stifel Nicolaus dropped their price target on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Royal Bank of Canada decreased their price objective on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating for the company in a report on Monday, March 18th. Pi Financial reiterated a “buy” rating and set a C$112.00 price target on shares of Premium Brands in a report on Tuesday, April 16th. TD Securities reduced 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. Finally, BMO Capital Markets reduced their price target on Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a report on Monday, March 18th.

Premium Brands Stock Up 2.4 %

TSE PBH opened at C$88.75 on Wednesday. The firm has a market cap of C$3.94 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Premium Brands has a one year low of C$84.66 and a one year high of C$113.60. The stock’s 50 day simple moving average is C$88.94 and its 200 day simple moving average is C$91.32. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16.

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

Premium Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.83%. This is an increase from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date was Wednesday, March 27th. Premium Brands’s dividend payout ratio is presently 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.