Primo Brands Corporation (NYSE:PRMB – Get Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.55.
A number of brokerages have issued reports on PRMB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Primo Brands in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $29.00 target price on shares of Primo Brands in a research report on Friday, August 7th. Zacks Research downgraded shares of Primo Brands from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. cut their price objective on Primo Brands from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Primo Brands in a research note on Wednesday.
Get Our Latest Stock Analysis on Primo Brands
Primo Brands Price Performance
Shares of NYSE:PRMB opened at $22.36 on Friday. Primo Brands has a one year low of $14.36 and a one year high of $26.21. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.10 and a beta of 0.73. The company’s fifty day moving average price is $20.31 and its 200-day moving average price is $21.46. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.05 and a quick ratio of 0.86.
Primo Brands (NYSE:PRMB – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Primo Brands had a net margin of 1.49% and a return on equity of 14.24%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.41 earnings per share. Primo Brands’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Primo Brands will post 1.27 earnings per share for the current fiscal year.
Primo Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 24th. This represents a $0.48 annualized dividend and a yield of 2.1%. Primo Brands’s dividend payout ratio is 184.62%.
Trending Headlines about Primo Brands
Here are the key news stories impacting Primo Brands this week:
- Positive Sentiment: Primo Brands earned $0.43 per share, topping the $0.42 consensus estimate, while revenue of $1.82 billion exceeded expectations of $1.81 billion and rose 3.1% year over year. Article
- Positive Sentiment: Premium water revenue surged 24.3%, free cash flow improved, and the 2026 sales-growth outlook is approaching 3%—signs of resilience in a key growth category. Article
- Positive Sentiment: The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a reported yield of 2.2%. Article
- Neutral Sentiment: An earnings-call recap characterized the quarter as signaling recovery and growth, though the available report provides limited additional detail. Article
- Negative Sentiment: A previously announced equity buyback plan has expired, potentially removing a source of share-repurchase support; the report does not indicate whether Primo Brands plans a replacement program. Article
Insiders Place Their Bets
In other news, CEO Eric Foss purchased 84,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $23.80 per share, for a total transaction of $1,999,200.00. Following the purchase, the chief executive officer owned 573,806 shares of the company’s stock, valued at approximately $13,656,582.80. The trade was a 17.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.90% of the company’s stock.
Hedge Funds Weigh In On Primo Brands
Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in Primo Brands by 57.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,050,888 shares of the company’s stock valued at $133,050,000 after purchasing an additional 2,585,164 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Primo Brands by 41.7% in the first quarter. Bank of America Corp DE now owns 6,067,351 shares of the company’s stock valued at $114,248,000 after purchasing an additional 1,785,259 shares in the last quarter. KBC Group NV lifted its position in Primo Brands by 49.2% during the first quarter. KBC Group NV now owns 5,041,625 shares of the company’s stock worth $94,934,000 after buying an additional 1,661,569 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Primo Brands by 2,881.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,954,180 shares of the company’s stock worth $37,227,000 after acquiring an additional 1,888,636 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Primo Brands by 226.7% during the 2nd quarter. Tidal Investments LLC now owns 1,150,675 shares of the company’s stock worth $28,122,000 after acquiring an additional 798,488 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.
About Primo Brands
Primo Brands Corporation is a beverage company focused on providing water and hydration products across North America. The company offers bottled water, water dispensers, refill services, filtration products and other beverage options for households, businesses and retail customers.
Its portfolio includes well-known regional and national water brands such as Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Zephyrhills, Pure Life and Primo. Products are distributed through retail stores, direct delivery, e-commerce and workplace and residential water services.
Primo Brands was created through the combination of Primo Water Corporation and BlueTriton Brands, a transaction completed in 2024.
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