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

Premium Brands Holdings Co. (TSE:PBH) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$111.60.

Several equities research analysts recently issued reports on the stock. Pi Financial reiterated a “buy” rating and issued a C$112.00 target price on shares of Premium Brands in a research note on Tuesday, April 16th. BMO Capital Markets cut their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. CIBC cut their price objective on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Desjardins cut their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Finally, 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 research report on Monday, March 18th.

Premium Brands Trading Up 0.8 %

Shares of TSE:PBH opened at C$90.03 on Wednesday. Premium Brands has a 52-week low of C$84.66 and a 52-week high of C$113.60. The company has a market capitalization of C$4.00 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a 50-day simple moving average of C$88.78 and a 200 day simple moving average of C$91.20. The company has a debt-to-equity ratio of 149.12, a quick ratio of 1.16 and a current ratio of 2.08.

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

Premium Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.78%. This is a boost from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date was Wednesday, March 27th. Premium Brands’s dividend payout ratio (DPR) is 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.