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Premier Foods (OTCMKTS:PRRFY) Shares Gap Down - Here's What Happened

Premier Foods logo with Consumer Staples background

Key Points

  • Premier Foods shares experienced a gap down, opening at $12.75 after previously closing at $13.30.
  • Royal Bank of Canada downgraded Premier Foods from a "moderate buy" to a "hold" rating as of May 27th.
  • Despite the downgrade, Premier Foods increased its dividend, offering $0.1608 per share, up from $0.09, resulting in a dividend yield of 117.0%.
  • Looking to export and analyze Premier Foods data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $13.30, but opened at $12.75. Premier Foods shares last traded at $12.75, with a volume of 523 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded Premier Foods from a "moderate buy" rating to a "hold" rating in a report on Tuesday, May 27th.

Read Our Latest Report on PRRFY

Premier Foods Stock Down 0.3%

The business has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $12.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 1.13.

Premier Foods Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were given a dividend of $0.1608 per share. This is an increase from Premier Foods's previous dividend of $0.09. The ex-dividend date was Friday, June 27th. This represents a dividend yield of 117.0%.

Premier Foods Company Profile

(Get Free Report)

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.

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