Primo Water Co. (PRMW) VP David W. Hass Purchases 1,000 Shares
Primo Water Co. (NASDAQ:PRMW) VP David W. Hass acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was acquired at an average cost of $10.79 per share, for a total transaction of $10,790.00. Following the acquisition, the vice president now owns 80,245 shares of the company’s stock, valued at approximately $865,843.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Primo Water Co. (NASDAQ:PRMW) traded up 1.26% during trading on Monday, reaching $11.22. 101,847 shares of the company’s stock traded hands. The stock’s market cap is $335.31 million. Primo Water Co. has a one year low of $10.25 and a one year high of $15.39. The company has a 50 day moving average price of $12.06 and a 200-day moving average price of $13.01.
Primo Water (NASDAQ:PRMW) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by $0.09. Primo Water had a return on equity of 24.69% and a net margin of 4.34%. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $64.56 million. During the same quarter last year, the company posted $0.07 EPS. Primo Water’s quarterly revenue was up 88.0% compared to the same quarter last year. On average, equities research analysts expect that Primo Water Co. will post ($0.20) EPS for the current fiscal year.
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PRMW has been the topic of a number of research reports. B. Riley reissued a “buy” rating and issued a $16.50 price objective on shares of Primo Water in a report on Friday, January 27th. Zacks Investment Research downgraded shares of Primo Water from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price target (up previously from $16.50) on shares of Primo Water in a report on Thursday, March 16th. Barrington Research reaffirmed an “outperform” rating and set a $16.50 price target (up previously from $15.00) on shares of Primo Water in a report on Thursday, March 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price target on shares of Primo Water in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.10.
A number of institutional investors have recently modified their holdings of PRMW. Elk Creek Partners LLC acquired a new position in shares of Primo Water during the first quarter valued at $7,216,000. Eagle Asset Management Inc. purchased a new stake in shares of Primo Water during the first quarter worth approximately $5,373,000. SG Capital Management LLC boosted its stake in shares of Primo Water by 156.4% in the third quarter. SG Capital Management LLC now owns 525,700 shares of the company’s stock worth $6,377,000 after buying an additional 320,647 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Primo Water during the fourth quarter worth approximately $2,941,000. Finally, Cortina Asset Management LLC boosted its stake in shares of Primo Water by 91.8% in the fourth quarter. Cortina Asset Management LLC now owns 432,436 shares of the company’s stock worth $5,310,000 after buying an additional 206,951 shares during the last quarter. Institutional investors own 56.78% of the company’s stock.
About Primo Water
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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