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

Several other research firms have also recently weighed in on PRMW. ValuEngine raised Primo Water from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. B. Riley reaffirmed a “buy” rating and set a $17.50 target price on shares of Primo Water in a research note on Wednesday, November 8th. Finally, Barrington Research lifted their target price on Primo Water from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Two analysts have 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. Primo Water presently has an average rating of “Hold” and an average target price of $17.10.

Shares of Primo Water (NASDAQ:PRMW) traded up $0.24 on Thursday, reaching $12.60. The company had a trading volume of 322,597 shares, compared to its average volume of 201,123. Primo Water has a 1 year low of $10.47 and a 1 year high of $15.39. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.82 and a current ratio of 0.99.

In other news, Director Malcolm Mcquilkin sold 16,062 shares of Primo Water stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $11.66, for a total transaction of $187,282.92. Following the completion of the sale, the director now directly owns 105,345 shares in the company, valued at approximately $1,228,322.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Castaneda sold 6,200 shares of Primo Water stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $13.45, for a total value of $83,390.00. Following the sale, the chief financial officer now owns 236,113 shares of the company’s stock, valued at $3,175,719.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,831 shares of company stock worth $668,070. Company insiders own 15.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Argent Capital Management LLC lifted its holdings in shares of Primo Water by 25.6% during the 3rd quarter. Argent Capital Management LLC now owns 161,300 shares of the company’s stock valued at $1,911,000 after buying an additional 32,875 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Primo Water during the 3rd quarter valued at about $281,000. B. Riley Financial Inc. lifted its holdings in shares of Primo Water by 25.5% during the 3rd quarter. B. Riley Financial Inc. now owns 105,920 shares of the company’s stock valued at $1,234,000 after buying an additional 21,545 shares during the last quarter. Elk Creek Partners LLC lifted its holdings in shares of Primo Water by 22.8% during the 3rd quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock valued at $9,025,000 after buying an additional 141,586 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Primo Water by 14.4% during the 3rd quarter. Wells Fargo & Company MN now owns 127,157 shares of the company’s stock valued at $1,507,000 after buying an additional 16,006 shares during the last quarter. Institutional investors and hedge funds own 68.74% 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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