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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PBH shares. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. National Bankshares boosted their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. TD Securities boosted their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$113.10.

Premium Brands Stock Down 0.8 %

The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 1.10 and a beta of 0.98. The business’s 50-day moving average is C$91.40 and its two-hundred day moving average is C$90.67. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56.

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

Premium Brands Announces Dividend

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

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 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.