Primo Water (NASDAQ:PRMW) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other equities research analysts also recently commented on PRMW. ValuEngine upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barrington Research reiterated a “buy” rating and set a $20.00 target price on shares of Primo Water in a research report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Primo Water from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, May 15th. William Blair started coverage on shares of Primo Water in a research report on Thursday, May 24th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets boosted their price target on shares of Primo Water from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.75.

NASDAQ:PRMW opened at $19.98 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.88 and a current ratio of 1.06. Primo Water has a one year low of $10.47 and a one year high of $20.09. The company has a market cap of $735.44 million, a P/E ratio of -69.63, a price-to-earnings-growth ratio of 4.28 and a beta of -0.14.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Akre Capital Management LLC lifted its position in shares of Primo Water by 48.6% in the 2nd quarter. Akre Capital Management LLC now owns 2,843,220 shares of the company’s stock worth $49,728,000 after purchasing an additional 930,000 shares during the period. BlackRock Inc. lifted its position in shares of Primo Water by 23.4% in the 2nd quarter. BlackRock Inc. now owns 1,804,996 shares of the company’s stock worth $31,569,000 after purchasing an additional 342,728 shares during the period. Manatuck Hill Partners LLC lifted its position in shares of Primo Water by 7.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 1,292,000 shares of the company’s stock worth $22,597,000 after purchasing an additional 86,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Primo Water by 31.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,045,086 shares of the company’s stock worth $18,279,000 after purchasing an additional 251,899 shares during the period. Finally, Legion Partners Asset Management LLC lifted its position in shares of Primo Water by 34.9% in the 1st quarter. Legion Partners Asset Management LLC now owns 812,774 shares of the company’s stock worth $9,518,000 after purchasing an additional 210,087 shares during the period. Hedge funds and other institutional investors own 70.89% of the company’s stock.

About Primo Water

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.

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