BidaskClub Downgrades Primo Water (PRMW) to Sell

Primo Water (NASDAQ:PRMW) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other analysts also recently issued reports on PRMW. Barrington Research reissued a “buy” rating and set a $20.00 price target on shares of Primo Water in a report on Friday, April 6th. ValuEngine raised shares of Primo Water from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. B. Riley set a $18.00 price target on shares of Primo Water and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, Zacks Investment Research downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Primo Water presently has a consensus rating of “Hold” and an average target price of $17.33.

Shares of NASDAQ PRMW opened at $11.95 on Friday. Primo Water has a 1 year low of $10.47 and a 1 year high of $13.86. The firm has a market cap of $374.97, a P/E ratio of -42.68, a PEG ratio of 4.66 and a beta of -0.13. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 3.77.



A number of large investors have recently bought and sold shares of PRMW. Caption Management LLC acquired a new position in Primo Water during the fourth quarter worth $101,000. MetLife Investment Advisors LLC acquired a new position in Primo Water during the fourth quarter worth $138,000. Driehaus Capital Management LLC acquired a new position in Primo Water during the fourth quarter worth $166,000. First Allied Advisory Services Inc. acquired a new position in Primo Water during the third quarter worth $281,000. Finally, Goldman Sachs Group Inc. acquired a new position in Primo Water during the fourth quarter worth $387,000. Institutional investors own 69.87% of the company’s stock.

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Primo Water Company Profile

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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