Premium Brands Holdings Corp (TSE:PBH) has received an average rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$130.71.
Several analysts recently weighed in on PBH shares. BMO Capital Markets decreased their price objective on Premium Brands from C$138.00 to C$137.00 in a report on Tuesday, August 14th. Desjardins restated a “buy” rating on shares of Premium Brands in a report on Wednesday, August 1st. Finally, Royal Bank of Canada decreased their price objective on Premium Brands from C$142.00 to C$133.00 and set an “outperform” rating for the company in a report on Tuesday, August 14th.
In other Premium Brands news, Director John Zaplatynsky sold 458 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of C$97.98, for a total value of C$44,874.84. Also, Director Kenneth Propp sold 2,200 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of C$98.19, for a total transaction of C$216,018.00.
Shares of PBH stock traded down C$0.20 on Wednesday, hitting C$91.40. The stock had a trading volume of 63,900 shares, compared to its average volume of 86,552. Premium Brands has a one year low of C$90.62 and a one year high of C$122.77.
Premium Brands (TSE:PBH) last released its quarterly earnings data on Monday, August 13th. The company reported C$1.10 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.04). The firm had revenue of C$761.50 million during the quarter, compared to the consensus estimate of C$754.97 million. Premium Brands had a net margin of 3.82% and a return on equity of 19.68%.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 15th will be issued a $0.475 dividend. The ex-dividend date is Thursday, September 27th. This is an increase from Premium Brands’s previous quarterly dividend of $0.42. This represents a $1.90 dividend on an annualized basis and a yield of 2.08%.
About Premium Brands
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
Further Reading: Intrinsic Value
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