Primo Water Corporation (NASDAQ:PRMW) – Stock analysts at Barrington Research decreased their Q4 2017 EPS estimates for Primo Water Corporation in a report released on Wednesday. Barrington Research analyst M. Petusky now expects that the company will post earnings per share of $0.03 for the quarter, down from their previous forecast of $0.04. Barrington Research currently has a “Outperform” rating and a $19.00 target price on the stock. Barrington Research also issued estimates for Primo Water Corporation’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.21 EPS and FY2018 earnings at $0.28 EPS.
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A number of other research firms have also commented on PRMW. ValuEngine raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a report on Wednesday. Finally, BidaskClub raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.10.
Shares of Primo Water Corporation (NASDAQ PRMW) opened at $12.59 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 3.99. Primo Water Corporation has a fifty-two week low of $10.47 and a fifty-two week high of $15.39.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Primo Water Corporation by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,045,252 shares of the company’s stock valued at $13,275,000 after acquiring an additional 44,864 shares in the last quarter. Renaissance Technologies LLC lifted its position in Primo Water Corporation by 10.5% during the 1st quarter. Renaissance Technologies LLC now owns 790,055 shares of the company’s stock worth $10,729,000 after buying an additional 74,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Primo Water Corporation by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock worth $8,908,000 after buying an additional 87,018 shares in the last quarter. Elk Creek Partners LLC lifted its position in Primo Water Corporation by 16.7% during the 2nd quarter. Elk Creek Partners LLC now owns 619,999 shares of the company’s stock worth $7,874,000 after buying an additional 88,633 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Primo Water Corporation during the 2nd quarter worth about $7,010,000. 62.77% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Billy D. Prim sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $12.16, for a total value of $12,160,000.00. Following the sale, the insider now directly owns 1,980,927 shares of the company’s stock, valued at approximately $24,088,072.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Malcolm Mcquilkin sold 16,062 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total transaction of $187,282.92. Following the completion of the sale, the director now directly owns 105,345 shares in the company, valued at $1,228,322.70. The disclosure for this sale can be found here. Insiders sold a total of 1,040,858 shares of company stock worth $12,639,169 over the last ninety days. 15.80% of the stock is currently owned by insiders.
Primo Water Corporation Company Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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