Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi Buys 2,000 Shares

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi bought 2,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of C$78.78 per share, with a total value of C$157,560.00.

Johnny Ciampi also recently made the following trade(s):

• On Friday, November 8th, Johnny Ciampi purchased 3,500 shares of Premium Brands stock. The shares were purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00.

Premium Brands Stock Performance

PBH stock opened at C$78.57 on Friday. The stock’s 50 day simple moving average is C$88.95 and its 200 day simple moving average is C$89.71. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. Premium Brands Holdings Co. has a 12-month low of C$75.67 and a 12-month high of C$97.28. The stock has a market capitalization of C$3.49 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 firm posted $1.27 earnings per share. As a group, research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is presently 133.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. TD Securities lowered their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. CIBC cut their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Stifel Nicolaus lowered their target price on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. Finally, National Bankshares upped their price target on 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$103.50.

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.