Shares of Primo Water Co. (NASDAQ:PRMW) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.83.

Several research firms have issued reports on PRMW. 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 report on Wednesday, November 8th. ValuEngine lowered shares of Primo Water from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Primo Water from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. 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, Zacks Investment Research raised shares of Primo Water from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Friday, November 10th.

Primo Water (NASDAQ:PRMW) opened at $12.81 on Thursday. 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 has a 1-year low of $10.47 and a 1-year high of $15.39.

In other Primo Water news, CFO Mark Castaneda sold 6,200 shares of Primo Water stock in a transaction on Monday, December 4th. The shares were sold at an average price of $13.45, for a total value of $83,390.00. Following the transaction, the chief financial officer now directly owns 236,113 shares of the company’s stock, valued at $3,175,719.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Primo Water by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,000,388 shares of the company’s stock valued at $13,585,000 after buying an additional 26,542 shares during the last quarter. Granite Point Capital Management L.P. grew its holdings in shares of Primo Water by 233.3% during the second quarter. Granite Point Capital Management L.P. now owns 50,000 shares of the company’s stock valued at $635,000 after buying an additional 35,000 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Primo Water by 42.2% during the second quarter. Royce & Associates LP now owns 226,900 shares of the company’s stock valued at $2,882,000 after buying an additional 67,300 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Primo Water by 13.0% during the second quarter. Eagle Asset Management Inc. now owns 447,192 shares of the company’s stock valued at $5,679,000 after buying an additional 51,504 shares during the last quarter. Finally, B. Riley Financial Inc. grew its holdings in shares of Primo Water by 137.9% during the second quarter. B. Riley Financial Inc. now owns 84,375 shares of the company’s stock valued at $1,072,000 after buying an additional 48,907 shares during the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

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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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