Primo Water Corporation (NASDAQ:PRMW) – Investment analysts at Barrington Research boosted their FY2017 earnings per share (EPS) estimates for shares of Primo Water Corporation in a research note issued on Wednesday. Barrington Research analyst M. Petusky now anticipates that the company will post earnings of ($0.24) per share for the year, up from their previous estimate of ($0.26). Barrington Research currently has a “Outperform” rating and a $19.00 target price on the stock. Barrington Research also issued estimates for Primo Water Corporation’s Q4 2018 earnings at $0.07 EPS and FY2019 earnings at $0.45 EPS.
Other analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Primo Water Corporation in a report on Monday, August 7th. Zacks Investment Research raised shares of Primo Water Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Primo Water Corporation presently has a consensus rating of “Hold” and a consensus target price of $17.10.
Shares of Primo Water Corporation (NASDAQ PRMW) opened at $12.67 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99. Primo Water Corporation has a fifty-two week low of $10.47 and a fifty-two week high of $15.39.
A number of institutional investors and hedge funds have recently made changes to their positions in PRMW. HighTower Advisors LLC raised its position in shares of Primo Water Corporation by 2.9% in the first quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the last quarter. US Bancorp DE raised its position in shares of Primo Water Corporation by 23.0% in the second quarter. US Bancorp DE now owns 12,159 shares of the company’s stock valued at $155,000 after buying an additional 2,275 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Primo Water Corporation in the second quarter valued at approximately $159,000. Teton Advisors Inc. acquired a new position in shares of Primo Water Corporation in the second quarter valued at approximately $165,000. Finally, American International Group Inc. raised its position in shares of Primo Water Corporation by 7.5% in the first quarter. American International Group Inc. now owns 13,052 shares of the company’s stock valued at $177,000 after buying an additional 910 shares during the last quarter. Institutional investors own 63.13% of the company’s stock.
In other Primo Water Corporation news, Director Malcolm Mcquilkin sold 16,062 shares of Primo Water Corporation stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total transaction of $187,282.92. Following the completion of the transaction, the director now owns 105,345 shares in the company, valued at $1,228,322.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 40,858 shares of company stock valued at $479,169. 15.80% of the stock is currently owned by company insiders.
About Primo Water Corporation
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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