Primo Water Co. (NASDAQ:PRMW) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.83.

A number of equities analysts recently weighed in on the company. ValuEngine cut Primo Water from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub cut Primo Water from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research cut Primo Water from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of Primo Water in a report on Wednesday, November 8th. Finally, Barrington Research upped their price target on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th.

In other Primo Water news, Director David L. Warnock sold 33,226 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $12.37, for a total transaction of $411,005.62. Following the completion of the sale, the director now directly owns 25,157 shares in the company, valued at approximately $311,192.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Camden Partners Strategic Fund sold 58,383 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $12.35, for a total value of $721,030.05. The disclosure for this sale can be found here. Insiders sold a total of 130,295 shares of company stock valued at $1,636,440 in the last ninety days. 15.80% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in Primo Water by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 44,879 shares of the company’s stock worth $570,000 after buying an additional 800 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Primo Water by 1.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 129,086 shares of the company’s stock worth $1,639,000 after buying an additional 1,620 shares in the last quarter. Voya Investment Management LLC increased its stake in Primo Water by 16.5% during the 2nd quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock worth $182,000 after buying an additional 2,028 shares in the last quarter. Nationwide Fund Advisors increased its stake in Primo Water by 17.1% during the 2nd quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock worth $182,000 after buying an additional 2,097 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Primo Water by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,540 shares of the company’s stock worth $1,302,000 after buying an additional 2,490 shares in the last quarter. Institutional investors own 68.44% of the company’s stock.

Primo Water (PRMW) traded up $0.02 during midday trading on Friday, reaching $12.27. The company had a trading volume of 97,623 shares, compared to its average volume of 197,081. The firm has a market cap of $368.28, a PE ratio of -17.78, a price-to-earnings-growth ratio of 3.87 and a beta of -0.32. Primo Water has a 12 month low of $10.47 and a 12 month high of $15.29. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.

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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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