Premium Brands (TSE:PBH) Stock Price Passes Below 200-Day Moving Average of $92.80

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$92.80 and traded as low as C$87.34. Premium Brands shares last traded at C$88.70, with a volume of 153,711 shares trading hands.

Analyst Upgrades and Downgrades

PBH has been the topic of a number of research reports. TD Securities lowered their price target on Premium Brands from C$130.00 to C$120.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. Stifel Nicolaus lowered their price target on Premium Brands from C$108.00 to C$104.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. BMO Capital Markets lowered their price target on Premium Brands from C$117.00 to C$115.00 and set an "outperform" rating on the stock in a research report on Monday, March 18th. Desjardins lowered their price target on Premium Brands from C$110.00 to C$105.00 and set a "buy" rating on the stock in a research report on Monday, March 18th. Finally, Royal Bank of Canada decreased their price objective on Premium Brands from C$103.00 to C$99.00 and set a "sector perform" rating on the stock in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$111.50.

Premium Brands Stock Performance

The company has a market cap of C$3.93 billion, a PE ratio of 42.04, a P/E/G ratio of 1.10 and a beta of 1.03. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 149.12. The business has a fifty day moving average of C$91.00 and a 200-day moving average of C$92.80.

Premium Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Premium Brands's previous quarterly dividend of $0.77. Premium Brands's payout ratio is currently 161.14%.

Premium Brands Company Profile

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, and baking and sushi products.