Primo Brands Completes Stock Repurchase Agreement

Primo Brands ( (PRMB) ) has provided an announcement.

On May 7, 2025, Primo Brands Corporation entered into a stock purchase agreement to repurchase 3,157,562 shares of its Class A common stock from affiliates of One Rock Capital Partners. The repurchase closed on May 12, 2025, concurrently with a secondary offering by the same affiliates, who sold 47,500,000 shares, garnering approximately $1.5 billion in proceeds. This strategic move, involving no direct sale of shares by Primo Brands, signifies a consolidation of its stock and potentially strengthens its market position by reducing the number of outstanding shares.

The most recent analyst rating on (PRMB) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Primo Brands stock, see the PRMB Stock Forecast page.

Spark’s Take on PRMB Stock

According to Spark, TipRanks’ AI Analyst, PRMB is a Outperform.

Primo Brands’ strong revenue growth, efficient cash flow management, and positive earnings call outlook are significant strengths. However, profitability challenges, increased financial leverage, and valuation concerns weigh on the overall score, leading to a moderate outlook.

To see Spark’s full report on PRMB stock, click here.

More about Primo Brands

Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every U.S. state and Canada. Primo Brands employs more than 13,000 associates with dual headquarters in Tampa, FL, and Stamford, CT.

Average Trading Volume: 4,628,087

Technical Sentiment Signal: Buy

Current Market Cap: $12.02B

Find detailed analytics on PRMB stock on TipRanks’ Stock Analysis page.