Shares of Primo Water Co. (NYSE:PRMW – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the four analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.33.
Separately, StockNews.com cut shares of Primo Water from a “strong-buy” rating to a “buy” rating in a report on Monday, July 10th.
Institutional Trading of Primo Water
A number of large investors have recently added to or reduced their stakes in PRMW. CWM LLC boosted its holdings in Primo Water by 556.1% during the fourth quarter. CWM LLC now owns 2,257 shares of the company’s stock worth $35,000 after buying an additional 1,913 shares in the last quarter. Ancora Advisors LLC bought a new stake in Primo Water during the first quarter worth approximately $36,000. Ronald Blue Trust Inc. boosted its stake in Primo Water by 77.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,961 shares of the company’s stock worth $37,000 after purchasing an additional 1,291 shares during the period. Point72 Middle East FZE acquired a new position in Primo Water in the 4th quarter worth approximately $54,000. Finally, Clear Street Markets LLC acquired a new position in Primo Water in the 4th quarter worth approximately $56,000. 82.98% of the stock is currently owned by institutional investors.
Primo Water Trading Down 0.6 %
Shares of NYSE:PRMW opened at $13.94 on Monday. The company has a 50 day moving average price of $13.03. Primo Water has a 52 week low of $12.15 and a 52 week high of $16.47. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 51.63 and a beta of 1.02. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.03.
Primo Water (NYSE:PRMW – Get Free Report) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $546.50 million during the quarter, compared to analyst estimates of $534.04 million. Primo Water had a net margin of 1.88% and a return on equity of 7.46%. Analysts predict that Primo Water will post 0.74 EPS for the current year.
Primo Water Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Friday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Thursday, June 1st. Primo Water’s payout ratio is 118.52%.
About Primo Water
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Sierra Springs, Sparkletts, and Renü brands in the United States; Canadian Springs, Labrador Source, and Amazon Springs brands in Canada; and Decantae, Eden, Eden Springs, Chateaud’eau, and Mey Eden brands in Europe and Israel.
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