Primo Brands Corp
In the published model solve dated 2026-Q2, anchored at $25.31, Primo Brands Corp (PRMB) is priced for +13.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- At about $24 the price is broadly consistent with plausible growth. The market is paying roughly 26 times operating income, which implies operating growth near 7% a year for five years, a pace within reach for a defensive water business with pricing power. - The single number that matters is leverage. Net debt sits near $5 billion against trailing operating income just over $400 million, and reported interest coverage is only about 1.3 times. Most of that debt is at variable rates. - First-qua
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332 institutional managers reported holding PRMB in 13F filings for the quarter ended 2026-03-31. 50 opened new positions that quarter. Held by FMR (Fidelity), Vanguard Group, BlackRock, among others. On the short side, 38.0M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (11.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has for 2 years running; the current rate is $0.40 a share annually. Cash returned over the past three years: $300.20M in dividends and $728.70M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PRMB over the trailing three years: 2025: 8 buys totaling $3.81M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PRMB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-08-08 | -10.4% | -9.1% |
| 2025-11-07 | -36.3% | +24.8% |
| 2026-02-28 | +15.5% | -11.7% |
| 2026-05-08 | +17.4% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PRMB's latest 8-K filings: 2026-08-10 (items 1.01, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-07-16 (items 5.02); 2026-07-07 (items 5.02); 2026-05-19 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.