Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi Purchases 2,000 Shares

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average price of C$78.78 per share, for a total transaction of C$157,560.00.

Johnny Ciampi also recently made the following trade(s):

• On Friday, November 8th, Johnny Ciampi acquired 3,500 shares of Premium Brands stock. The shares were bought at an average price of C$77.02 per share, for a total transaction of C$269,570.00.

Premium Brands Stock Performance

Shares of PBH stock opened at C$78.57 on Friday. The company has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The company has a 50-day simple moving average of C$88.70 and a 200 day simple moving average of C$89.63. Premium Brands Holdings Co. has a 52 week low of C$75.67 and a 52 week high of C$97.28.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter in the prior year, the company posted $1.27 earnings per share. On average, sell-side analysts predict that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s payout ratio is presently 133.86%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. National Bankshares lifted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. CIBC lowered their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$103.50.

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.