Insider Selling: Premium Brands Holdings Corp (PBH) Insider Sells C$580,250.00 in Stock

Premium Brands Holdings Corp (TSE:PBH) insider William Dion Kalutycz sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of C$116.05, for a total value of C$580,250.00.

Shares of Premium Brands opened at C$115.88 on Friday, MarketBeat Ratings reports. Premium Brands Holdings Corp has a fifty-two week low of C$88.69 and a fifty-two week high of C$122.77.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, March 15th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.25). Premium Brands had a net margin of 3.82% and a return on equity of 19.68%. The firm had revenue of C$585.40 million during the quarter, compared to analysts’ expectations of C$611.90 million.

A number of equities research analysts have commented on the company. Scotiabank raised their target price on Premium Brands from C$110.00 to C$115.00 and gave the company a “sector perform” rating in a report on Thursday, May 3rd. Royal Bank of Canada raised their target price on Premium Brands from C$133.00 to C$139.00 and gave the company an “outperform” rating in a report on Thursday, May 3rd. TD Securities raised their target price on Premium Brands from C$140.00 to C$145.00 and gave the company an “action list buy” rating in a report on Thursday, May 3rd. BMO Capital Markets raised their price target on Premium Brands from C$134.00 to C$138.00 in a research report on Thursday, May 3rd. Finally, CIBC raised their price target on Premium Brands from C$116.00 to C$128.00 in a research report on Wednesday, April 11th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$132.14.

About Premium Brands

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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