Shares of Primo Water Corp. (NASDAQ:PRMW) rose 3.9% on Friday . The company traded as high as $11.89 and last traded at $11.81, with a volume of 90,543 shares traded. The stock had previously closed at $11.37.

PRMW has been the subject of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $13.00 price objective on shares of Primo Water Corp. in a research report on Monday, May 9th. TheStreet raised Primo Water Corp. from a “sell” rating to a “buy” rating in a report on Friday, April 8th. Zacks Investment Research raised Primo Water Corp. from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, July 8th. Bank of America Corp. reissued a “neutral” rating on shares of Primo Water Corp. in a report on Tuesday, April 5th. Finally, Barrington Research raised their price target on Primo Water Corp. from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $12.25.

The company’s 50 day moving average is $11.16 and its 200-day moving average is $10.19. The firm has a market capitalization of $307.28 million and a price-to-earnings ratio of 100.51.

Primo Water Corp. (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm earned $33 million during the quarter, compared to the consensus estimate of $30.85 million. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. Equities analysts anticipate that Primo Water Corp. will post $0.24 earnings per share for the current fiscal year.

In related news, insider Camden Partners Strategic Fund sold 26,995 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $11.89, for a total value of $320,970.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in Primo Water Corp. stock. Dimensional Fund Advisors LP increased its stake in shares of Primo Water Corp. (NASDAQ:PRMW) by 490.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,811 shares of the company’s stock after buying an additional 126,093 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Primo Water Corp. worth $1,214,000 at the end of the most recent reporting period.

Primo Water Corporation is a provider of 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. The Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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