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

Premium Brands Holdings Co. (TSE:PBH) Director Johnny Ciampi bought 2,000 shares of the stock in a transaction on Friday, November 29th. The stock was purchased at an average cost 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 purchased 3,500 shares of Premium Brands stock. The shares were acquired at an average cost of C$77.02 per share, with a total value of C$269,570.00.

Premium Brands Stock Performance

TSE PBH opened at C$78.57 on Friday. The business has a 50-day moving average price of C$88.95 and a 200-day moving average price of C$89.71. The firm has a market cap of C$3.49 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands Holdings Co. has a twelve month low of C$75.67 and a twelve month high of C$97.28. 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 announced 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 previous year, the business earned $1.27 EPS. As a group, equities research analysts predict that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.33%. Premium Brands’s dividend payout ratio is currently 133.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. National Bankshares upped their price objective on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. CIBC lowered their target price on Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. TD Securities reduced their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, BMO Capital Markets decreased their price objective on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.