Premium Brands Holdings Co. (TSE:PBH) Declares $0.85 Quarterly Dividend

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) declared a quarterly dividend on Monday, May 13th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.85 per share on Monday, July 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, June 28th.

Premium Brands Stock Up 0.5 %

PBH traded up C$0.46 during trading on Tuesday, reaching C$92.81. The company had a trading volume of 83,865 shares, compared to its average volume of 49,172. The company has a market cap of C$4.12 billion, a P/E ratio of 43.99, a PEG ratio of 1.10 and a beta of 1.01. Premium Brands has a 12 month low of C$84.66 and a 12 month high of C$113.60. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16. The business's fifty day moving average price is C$88.53 and its 200 day moving average price is C$90.91.

Premium Brands (TSE:PBH - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing the consensus estimate of C$1.13 by C($0.28). The company had revenue of C$1.55 billion during the quarter, compared to the consensus estimate of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%. Equities analysts anticipate that Premium Brands will post 4.8744469 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. CIBC raised their price target on shares of Premium Brands from C$97.00 to C$103.00 and gave the stock a "neutral" rating in a research note on Tuesday. TD Securities raised their target price on shares of Premium Brands from C$120.00 to C$125.00 and gave the company a "buy" rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on shares of Premium Brands from C$104.00 to C$106.00 and gave the stock a "buy" rating in a research report on Tuesday. National Bankshares increased their price objective on shares of Premium Brands from C$110.00 to C$112.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$113.50.

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.