Primo Water Co. (NASDAQ:PRMW) Director Susan E. Cates purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $12.23 per share, for a total transaction of $61,150.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ PRMW traded up $0.17 during mid-day trading on Thursday, hitting $12.10. The company had a trading volume of 16,955 shares, compared to its average volume of 529,574. The stock has a market cap of $467.90 million, a price-to-earnings ratio of 35.37, a PEG ratio of 3.98 and a beta of 0.71. Primo Water Co. has a 12 month low of $10.70 and a 12 month high of $20.62. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.99 and a quick ratio of 0.71. The firm’s 50 day simple moving average is $13.24 and its two-hundred day simple moving average is $13.69.

Primo Water (NASDAQ:PRMW) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $79.30 million during the quarter, compared to the consensus estimate of $78.01 million. Primo Water had a positive return on equity of 11.75% and a negative net margin of 18.85%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Equities analysts forecast that Primo Water Co. will post 0.26 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in Primo Water during the 2nd quarter valued at $35,000. Bank of Montreal Can raised its stake in Primo Water by 26,645.5% during the 2nd quarter. Bank of Montreal Can now owns 2,942 shares of the company’s stock valued at $36,000 after acquiring an additional 2,931 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Primo Water by 19.0% in the 4th quarter. Legal & General Group Plc now owns 5,849 shares of the company’s stock worth $82,000 after buying an additional 932 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Primo Water by 77,911.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,021 shares of the company’s stock worth $109,000 after buying an additional 7,012 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Primo Water by 8.0% in the 2nd quarter. US Bancorp DE now owns 16,751 shares of the company’s stock worth $206,000 after buying an additional 1,237 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on PRMW. BMO Capital Markets set a $19.00 price target on Primo Water and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine raised Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a report on Thursday. Imperial Capital cut their price target on Primo Water from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Northland Securities reissued a “buy” rating and issued a $19.00 price target on shares of Primo Water in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.00.

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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