Premium Brands (TSE:PBH) Stock Passes Below 200 Day Moving Average – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$86.21 and traded as low as C$78.01. Premium Brands shares last traded at C$78.59, with a volume of 109,341 shares changing hands.

Wall Street Analysts Forecast Growth

PBH has been the topic of several research analyst reports. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets reduced their target price on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price target on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. CIBC reduced their price objective on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$103.11.

Premium Brands Stock Performance

The company has a 50-day moving average of C$79.57 and a 200-day moving average of C$86.16. The company has a market cap of C$3.49 billion, a PE ratio of 30.94, a PEG ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last posted 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 in the prior year, the business posted $1.27 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Premium Brands’s dividend payout ratio is presently 133.86%.

Insider Buying and Selling

In related news, Director Johnny Ciampi acquired 2,000 shares of the stock in a transaction on Friday, November 29th. The shares were acquired at an average price of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is currently 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.