Premium Brands (TSE:PBH) Hits New 52-Week Low – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$84.60 and last traded at C$85.09, with a volume of 62122 shares. The stock had previously closed at C$85.39.

Analysts Set New Price Targets

PBH has been the topic of a number of recent analyst reports. National Bankshares increased their price objective on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. BMO Capital Markets dropped their price objective on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. TD Securities lifted their target price on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and an average target price of C$113.10.

Premium Brands Stock Performance

The stock has a 50-day simple moving average of C$91.40 and a 200-day simple moving average of C$90.67. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The stock has a market cap of C$3.76 billion, a PE ratio of 33.62, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. Equities analysts predict that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is 133.86%.

Insider Buying and Selling

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Insiders own 2.01% of the company’s stock.

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.