Primo Water Co. (NASDAQ:PRMW) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.83.
A number of equities analysts have recently weighed in on PRMW shares. ValuEngine cut shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Barrington Research lifted their price target on shares of Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Primo Water in a research report on Wednesday, November 8th. Finally, BidaskClub cut shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.
In other news, insider Camden Partners Strategic Fund sold 58,383 shares of Primo Water stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $12.35, for a total transaction of $721,030.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Castaneda sold 30,569 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $13.00, for a total transaction of $397,397.00. Following the sale, the chief financial officer now owns 236,113 shares in the company, valued at $3,069,469. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,295 shares of company stock worth $1,636,440. Insiders own 15.80% of the company’s stock.
Several large investors have recently modified their holdings of PRMW. Schwab Charles Investment Management Inc. raised its holdings in shares of Primo Water by 42.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 49,200 shares of the company’s stock worth $625,000 after acquiring an additional 14,600 shares during the period. Rhumbline Advisers raised its holdings in shares of Primo Water by 19.6% during the second quarter. Rhumbline Advisers now owns 26,995 shares of the company’s stock worth $343,000 after acquiring an additional 4,425 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Primo Water by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 102,540 shares of the company’s stock worth $1,302,000 after acquiring an additional 2,490 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Primo Water by 28.5% during the second quarter. Wells Fargo & Company MN now owns 111,151 shares of the company’s stock worth $1,411,000 after acquiring an additional 24,646 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in shares of Primo Water during the second quarter worth $218,000. Institutional investors and hedge funds own 68.61% of the company’s stock.
Primo Water (NASDAQ PRMW) opened at $13.10 on Monday. Primo Water has a 52 week low of $10.47 and a 52 week high of $15.39. The stock has a market cap of $393.27, a P/E ratio of -18.99, a price-to-earnings-growth ratio of 4.14 and a beta of -0.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.
Primo Water (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Primo Water had a negative net margin of 8.17% and a negative return on equity of 32.85%. equities research analysts predict that Primo Water will post -0.26 EPS for the current year.
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Primo Water 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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