Primo Water (NYSE:PRMW) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Primo Water (NYSE:PRMW) in a research report released on Monday. The brokerage issued a buy rating on the stock.

A number of other research firms also recently commented on PRMW. William Blair began coverage on Primo Water in a research report on Thursday, October 24th. They set an “outperform” rating on the stock. Raymond James downgraded Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 target price on shares of Primo Water in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

Primo Water Stock Down 0.9 %

PRMW opened at $24.21 on Monday. The business’s fifty day moving average is $25.41 and its two-hundred day moving average is $23.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.78 and a beta of 1.10. Primo Water has a one year low of $14.06 and a one year high of $28.06.

Primo Water Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.82 dividend. The ex-dividend date was Tuesday, November 5th. This represents a dividend yield of 1.3%. Primo Water’s dividend payout ratio is currently 22.36%.

Hedge Funds Weigh In On Primo Water

Several large investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. lifted its position in Primo Water by 2.3% during the third quarter. Raymond James Trust N.A. now owns 18,778 shares of the company’s stock worth $474,000 after buying an additional 424 shares during the period. Blue Trust Inc. lifted its position in Primo Water by 52.1% during the third quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock worth $47,000 after buying an additional 641 shares during the period. CWM LLC lifted its position in Primo Water by 31.5% during the third quarter. CWM LLC now owns 3,310 shares of the company’s stock worth $84,000 after buying an additional 792 shares during the period. Natixis Advisors LLC lifted its position in Primo Water by 3.6% during the third quarter. Natixis Advisors LLC now owns 24,401 shares of the company’s stock worth $616,000 after buying an additional 852 shares during the period. Finally, GAMMA Investing LLC lifted its position in Primo Water by 375.9% during the third quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock worth $31,000 after buying an additional 981 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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 essence water, filtration units, and coffee.