Premium Brands Holdings Corp (TSE:PBH) Director Kenneth Propp sold 2,200 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of C$98.19, for a total value of C$216,018.00.

PBH opened at C$100.85 on Friday. Premium Brands Holdings Corp has a 12-month low of C$92.02 and a 12-month high of C$122.77.

Premium Brands (TSE:PBH) last released its earnings results on Monday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.14 by C($0.04). The business had revenue of C$761.50 million during the quarter, compared to analyst estimates of C$754.97 million. Premium Brands had a net margin of 3.82% and a return on equity of 19.68%.

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Premium Brands from C$138.00 to C$137.00 in a report on Tuesday, August 14th. Royal Bank of Canada lowered their price objective on Premium Brands from C$142.00 to C$133.00 and set an “outperform” rating on the stock in a report on Tuesday, August 14th. Finally, Desjardins reissued a “buy” rating on shares of Premium Brands in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$130.71.

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 through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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