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

Premium Brands Holdings Co. (TSE:PBH)’s stock price 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

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday. Stifel Nicolaus cut their price target on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. CIBC cut their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday. TD Securities reduced their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Premium Brands currently has a consensus rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Performance

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 firm has a market cap of C$3.38 billion, a PE ratio of 30.43, a P/E/G ratio of 1.10 and a beta of 0.98. The stock has a 50-day moving average price of C$91.17 and a 200 day moving average price of C$90.54.

Premium Brands (TSE:PBH) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (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 quarter last year, the firm earned $1.27 earnings per share. Research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Dividend Announcement

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

Insider Transactions at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction on 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.