The Globe and Mail reports in its Friday, Dec. 19, edition that Stifel analyst Martin Landry is keeping his "buy" call on Premium Brands Holdings intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry gave his share target a $4 boost to $110. Analysts on average target the shares at $114.25. Mr. Landry sees Premium Brands' acquisition of Stampede Culinary Partners boosting earnings per share by 5 per cent in 2026 and rising to 9 per cent in 2027. Mr. Landry says in a note: "This acquisition is highly complementary to Premium Brands as it marks the entrance in the sous vide category, a rapidly growing market. According to 'The State of Sous Vide' report, the U.S. sous vide industry is valued at $15-billions and growing at 12 to 14 per cent annually. Roughly 90 per cent of Stampede's client base consists of national restaurant chains and other food service clients, compared to Premium Brands' strong presence at retail with grocers and club stores. This provides it with excellent cross-selling opportunities to bring Stampede's products into grocers and club stores. There could also be reverse cross-selling opportunities for Premium Brands to penetrate Stampede's client base."
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