Premium Brands (TSE:PBH) Share Price Passes Below 200 Day Moving Average of $101.04

Premium Brands Holdings Co. (TSE:PBH) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$101.04 and traded as low as C$91.53. Premium Brands shares last traded at C$92.23, with a volume of 21,760 shares trading hands.

Analysts Set New Price Targets

PBH has been the subject of a number of analyst reports. Stifel Nicolaus lowered Premium Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. National Bankshares reduced their price target on Premium Brands from C$121.00 to C$117.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. CIBC reduced their price objective on Premium Brands from C$114.00 to C$110.00 in a report on Wednesday, August 16th. National Bank Financial downgraded Premium Brands from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Monday, August 14th. Finally, BMO Capital Markets lifted their price objective on Premium Brands from C$117.00 to C$124.00 in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Premium Brands currently has a consensus rating of “Hold” and an average target price of C$119.63.

Premium Brands Trading Up 1.0 %

The stock has a 50 day simple moving average of C$96.33 and a 200-day simple moving average of C$101.04. The firm has a market capitalization of C$4.12 billion, a P/E ratio of 36.17, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a current ratio of 2.44, a quick ratio of 1.16 and a debt-to-equity ratio of 152.95.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Monday, August 14th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.28 by C($0.01). Premium Brands had a net margin of 1.81% and a return on equity of 6.41%. The company had revenue of C$1.63 billion for the quarter, compared to analysts’ expectations of C$1.66 billion. On average, equities research analysts forecast that Premium Brands Holdings Co. will post 5.7258164 EPS for the current fiscal year.

Premium Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.34%. Premium Brands’s payout ratio is currently 120.78%.

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, and baking and sushi products.