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

Premium Brands Holdings Co. (TSE:PBH) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$111.60.

Several equities analysts have commented on PBH shares. CIBC dropped their price target on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. BMO Capital Markets dropped their price target on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. Desjardins lowered their target price on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, TD Securities lowered their target price on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, March 18th.

Premium Brands Trading Up 2.4 %

Shares of PBH opened at C$88.75 on Wednesday. The firm has a 50-day moving average price of C$88.94 and a 200 day moving average price of C$91.32. Premium Brands has a 12-month low of C$84.66 and a 12-month high of C$113.60. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 149.12. The firm has a market capitalization of C$3.94 billion, a P/E ratio of 42.06, a P/E/G ratio of 1.10 and a beta of 1.01.

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). The business had revenue of C$1.55 billion for the quarter, compared to analyst estimates of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%. Sell-side analysts forecast that Premium Brands will post 4.8440524 EPS for the current year.

Premium Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.85 dividend. This is a boost from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.40 annualized dividend and a dividend yield of 3.83%. Premium Brands’s dividend payout ratio is presently 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.