Primo Water (PRMW) Cut to Sell at BidaskClub

BidaskClub lowered shares of Primo Water (NASDAQ:PRMW) from a hold rating to a sell rating in a research note released on Friday.

PRMW has been the topic of several other research reports. B. Riley set a $18.00 price target on Primo Water and gave the company a buy rating in a research report on Monday, March 5th. Zacks Investment Research cut Primo Water from a hold rating to a sell rating in a research report on Friday, March 9th. ValuEngine lowered Primo Water from a hold rating to a sell rating in a report on Monday, April 2nd. Finally, Barrington Research reaffirmed a buy rating and issued a $20.00 price objective on shares of Primo Water in a report on Friday, April 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $17.33.

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Shares of PRMW stock opened at $11.97 on Friday. The stock has a market capitalization of $370.02, a P/E ratio of -42.75, a P/E/G ratio of 4.60 and a beta of -0.13. Primo Water has a 52-week low of $10.47 and a 52-week high of $13.86. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.84 and a current ratio of 1.04.

Institutional investors and hedge funds have recently made changes to their positions in the business. Caption Management LLC purchased a new stake in Primo Water in the 4th quarter valued at approximately $101,000. MetLife Investment Advisors LLC purchased a new stake in Primo Water in the 4th quarter valued at approximately $138,000. Driehaus Capital Management LLC purchased a new stake in Primo Water in the 4th quarter valued at approximately $166,000. First Allied Advisory Services Inc. purchased a new stake in Primo Water in the 3rd quarter valued at approximately $281,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Primo Water in the 4th quarter valued at approximately $387,000. 69.87% of the stock is currently owned by institutional investors.

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About Primo Water

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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