Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi Buys 3,500 Shares

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00.

Premium Brands Trading Up 0.5 %

PBH traded up C$0.37 during midday trading on Friday, reaching C$76.43. 130,564 shares of the company were exchanged, compared to its average volume of 53,415. Premium Brands Holdings Co. has a one year low of C$75.67 and a one year high of C$97.28. 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 stock has a market capitalization of C$3.39 billion, a P/E ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50-day simple moving average is C$91.17 and its 200 day simple moving average is C$90.54.

Premium Brands (TSE:PBH) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period in the prior year, the firm posted $1.27 earnings per share. As a group, analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is 133.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PBH. TD Securities lowered their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets lowered their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. National Bankshares increased their price target 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. Stifel Nicolaus reduced their price objective on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. Finally, Royal Bank of Canada reduced their price objective on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$108.30.

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.