Premium Brands (TSE:PBH) Price Target Cut to C$101.00 by Analysts at Stifel Nicolaus

Premium Brands (TSE:PBH) had its target price trimmed by Stifel Nicolaus from C$106.00 to C$101.00 in a report published on Thursday morning,BayStreet.CA reports.

PBH has been the topic of a number of other research reports. BMO Capital Markets cut their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Royal Bank of Canada dropped 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 report on Monday, August 12th. TD Securities reduced their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday. Finally, National Bankshares lifted their target price on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Premium Brands has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Price Performance

Shares of PBH stock opened at C$76.55 on Thursday. The company has a market capitalization of C$3.40 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.10 and a beta of 0.98. The company’s 50-day simple moving average is C$90.94 and its two-hundred day simple moving average is C$90.55. Premium Brands 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 current ratio of 1.56 and a quick ratio of 1.16.

Premium Brands (TSE:PBH) last released its quarterly earnings data 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 return on equity of 6.43% and a net margin of 1.78%. During the same period in the previous year, the company earned $1.27 EPS. As a group, equities analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

Insiders Place Their Bets

In other news, Director Johnny Ciampi acquired 3,500 shares of Premium Brands stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. In other Premium Brands news, Director Johnny Ciampi purchased 3,500 shares of Premium Brands stock in a transaction on Friday, November 8th. The stock was bought at an average cost of C$77.02 per share, with a total value of C$269,570.00. Also, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is currently owned by insiders.

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.