Zacks Investment Research upgraded shares of Primo Water (NASDAQ:PRMW) from a sell rating to a hold rating in a research report sent to investors on Friday, Zacks.com reports.

According to Zacks, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina. “

Several other equities analysts also recently issued reports on PRMW. BidaskClub downgraded Primo Water from a buy rating to a hold rating in a research report on Tuesday, March 19th. Imperial Capital reissued an outperform rating and issued a $20.00 target price on shares of Primo Water in a research report on Friday, March 8th. ValuEngine downgraded Primo Water from a buy rating to a hold rating in a research report on Thursday, January 10th. B. Riley upped their target price on Primo Water from $19.00 to $21.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets upped their target price on Primo Water from $17.00 to $18.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Primo Water presently has a consensus rating of Buy and a consensus price target of $20.20.

NASDAQ PRMW opened at $15.46 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.75 and a current ratio of 0.97. Primo Water has a 1 year low of $12.05 and a 1 year high of $20.72. The firm has a market capitalization of $602.86 million, a P/E ratio of 45.47, a PEG ratio of 3.44 and a beta of 0.44.

Primo Water (NASDAQ:PRMW) last released its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Primo Water had a positive return on equity of 12.71% and a negative net margin of 18.16%. The firm had revenue of $70.88 million for the quarter, compared to the consensus estimate of $72.51 million. On average, analysts expect that Primo Water will post 0.38 earnings per share for the current fiscal year.

In other Primo Water news, VP Michael Cauthen sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.32, for a total value of $61,280.00. Following the sale, the vice president now directly owns 10,579 shares of the company’s stock, valued at $162,070.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Federated Investors Inc. PA boosted its holdings in Primo Water by 229.7% in the third quarter. Federated Investors Inc. PA now owns 1,375 shares of the company’s stock valued at $25,000 after purchasing an additional 958 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Primo Water in the fourth quarter valued at $36,000. Legal & General Group Plc boosted its holdings in Primo Water by 24.3% in the third quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock valued at $89,000 after purchasing an additional 962 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Primo Water in the fourth quarter valued at $92,000. Finally, HRT Financial LLC purchased a new stake in Primo Water in the fourth quarter valued at $153,000. 80.04% of the stock is currently owned by institutional investors.

Primo Water Company Profile

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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