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

Shares of Premium Brands Holdings Co. (TSE:PBH) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

Several analysts recently commented on PBH shares. CIBC reduced their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. National Bankshares boosted 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 note on Thursday, October 24th. Finally, TD Securities dropped 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and a consensus price target of C$103.50.

Premium Brands Stock Up 0.3 %

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 firm’s 50-day moving average is C$85.86 and its 200 day moving average is C$88.99. The firm has a market capitalization of C$3.54 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 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 quarter in the previous year, the business earned $1.27 earnings per share. As a group, research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The company 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 $0.85 dividend. The ex-dividend date 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 133.86%.

Insider Buying and Selling at Premium Brands

In related news, Director Johnny Ciampi acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is owned by insiders.

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.