Primo Water Co. (NASDAQ:PRMW) – Equities research analysts at Barrington Research upped their Q1 2018 EPS estimates for Primo Water in a research note issued on Wednesday, Zacks Investment Research reports. Barrington Research analyst M. Petusky now anticipates that the company will earn ($0.06) per share for the quarter, up from their prior forecast of ($0.08).
A number of other brokerages have also commented on PRMW. BidaskClub upgraded Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Primo Water from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Finally, B. Riley set a $18.00 target price on Primo Water and gave the stock a “buy” rating in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.50.
Shares of Primo Water stock traded up $0.06 during trading on Friday, reaching $11.77. The stock had a trading volume of 193,156 shares, compared to its average volume of 192,585. The firm has a market cap of $361.34, a price-to-earnings ratio of -42.04, a price-to-earnings-growth ratio of 4.50 and a beta of -0.13. Primo Water has a 52 week low of $10.47 and a 52 week high of $13.86. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.04 and a quick ratio of 0.84.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Fourth Asset Management LP bought a new stake in Primo Water during the fourth quarter worth about $4,292,000. State Street Corp raised its stake in Primo Water by 11.6% in the second quarter. State Street Corp now owns 386,038 shares of the company’s stock valued at $4,906,000 after buying an additional 40,107 shares during the period. Northern Trust Corp raised its stake in Primo Water by 16.0% in the second quarter. Northern Trust Corp now owns 301,353 shares of the company’s stock valued at $3,827,000 after buying an additional 41,573 shares during the period. Redmond Asset Management LLC bought a new stake in Primo Water in the third quarter valued at approximately $586,000. Finally, Legion Partners Asset Management LLC bought a new stake in Primo Water in the fourth quarter valued at approximately $7,576,000. Institutional investors and hedge funds own 70.12% of the company’s stock.
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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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