Primo Brands (NYSE:PRMB) Reaches New 1-Year Low - Should You Sell?

Key Points

• Primo Brands (NYSE:PRMB) has reached a new **52-week low**, trading at $21.56 during Thursday's session, with analysts expressing mixed sentiments about the stock's future.
• The company reported **$1.73 billion** in revenue for the last quarter, missing analysts' expectations, and has set FY 2025 guidance while analysts predict an EPS of **1.13** for the current fiscal year.
• Primo Brands recently announced a quarterly **dividend of $0.10**, equating to an annualized yield of **1.8%**, despite a **negative net margin** of 1.20% in its latest financial report.

Primo Brands Corporation (NYSE:PRMB - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $21.56 and last traded at $21.91, with a volume of 309034 shares. The stock had previously closed at $21.91.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PRMB shares. Mizuho reduced their target price on shares of Primo Brands from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 20th. The Goldman Sachs Group started coverage on shares of Primo Brands in a research report on Thursday, September 11th. They set a "neutral" rating and a $25.00 price target on the stock. Royal Bank Of Canada reduced their target price on Primo Brands from $40.00 to $37.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $26.00 target price on shares of Primo Brands in a research report on Friday, August 8th. Finally, TD Securities reduced their price objective on shares of Primo Brands from $48.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Primo Brands has a consensus rating of "Moderate Buy" and an average target price of $36.18.

Primo Brands Stock Performance

The stock's 50-day simple moving average is $24.66 and its 200 day simple moving average is $29.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.88 and a current ratio of 1.06. The company has a market capitalization of $8.17 billion, a PE ratio of -198.95, a P/E/G ratio of 0.58 and a beta of 0.76.

Primo Brands (NYSE:PRMB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.83 billion. Primo Brands had a negative net margin of 1.20% and a positive return on equity of 9.64%. The company's quarterly revenue was up 31.6% on a year-over-year basis. Primo Brands has set its FY 2025 guidance at EPS. As a group, research analysts expect that Primo Brands Corporation will post 1.13 earnings per share for the current fiscal year.

Primo Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 21st. Primo Brands's dividend payout ratio (DPR) is -363.64%.

Insider Activity at Primo Brands

In other news, Director Michael John Cramer bought 4,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $24.46 per share, with a total value of $97,840.00. Following the completion of the acquisition, the director directly owned 12,762 shares in the company, valued at approximately $312,158.52. The trade was a 45.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven P. Stanbrook purchased 12,400 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $24.04 per share, for a total transaction of $298,096.00. Following the completion of the purchase, the director owned 125,025 shares of the company's stock, valued at approximately $3,005,601. This represents a 11.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 24,685 shares of company stock worth $595,770 in the last three months. Insiders own 58.40% of the company's stock.

Institutional Trading of Primo Brands

A number of institutional investors have recently bought and sold shares of PRMB. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Primo Brands in the 2nd quarter valued at approximately $26,000. IFP Advisors Inc purchased a new position in Primo Brands in the 1st quarter valued at about $40,000. Versant Capital Management Inc lifted its holdings in Primo Brands by 286.7% in the 1st quarter. Versant Capital Management Inc now owns 1,222 shares of the company's stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Primo Brands during the first quarter valued at approximately $43,000. Finally, Parallel Advisors LLC lifted its stake in shares of Primo Brands by 225.5% during the first quarter. Parallel Advisors LLC now owns 1,302 shares of the company's stock valued at $46,000 after buying an additional 902 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Primo Brands Company Profile

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.