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

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

PBH has been the subject of several research reports. Pi Financial reissued a “buy” rating and set a C$112.00 price objective on shares of Premium Brands in a research note on Tuesday, April 16th. Stifel Nicolaus reduced their price objective on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Desjardins reduced their price objective on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research note on Monday, March 18th. TD Securities decreased their target price on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Finally, CIBC decreased their target price on 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.

Premium Brands Stock Up 0.8 %

Shares of PBH stock opened at C$90.03 on Wednesday. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$113.60. The stock has a market cap of C$4.00 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s fifty day moving average is C$88.78 and its 200-day moving average is 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 quarterly 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 for the quarter, compared to analyst estimates of C$1.61 billion. Equities analysts expect that Premium Brands will post 4.8440524 earnings per share for the current fiscal year.

Premium Brands Increases Dividend

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