Premium Brands (TSE:PBH) Upgraded at Raymond James

Raymond James upgraded shares of Premium Brands (TSE:PBH) to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. TD Securities dropped their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. CIBC cut their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets reduced their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$103.11.

Premium Brands Trading Up 0.3 %

Shares of TSE:PBH opened at C$79.09 on Wednesday. The stock has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The company has a 50 day moving average price of C$84.29 and a 200 day moving average price of C$88.61. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.10.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter last year, the business posted $1.27 earnings per share. On average, research analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Buying and Selling

In other Premium Brands news, Director Johnny Ciampi purchased 3,500 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of C$77.02 per share, for a total transaction of C$269,570.00. 2.01% of the stock is owned by corporate insiders.

About Premium Brands

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.