Shares of Primo Water Corp. (NASDAQ:PRMW) dropped 2.2% during trading on Tuesday . The company traded as low as $11.66 and last traded at $11.67, with a volume of 51,404 shares changing hands. The stock had previously closed at $11.93.

PRMW has been the subject of a number of analyst reports. TheStreet raised shares of Primo Water Corp. from a “sell” rating to a “buy” rating in a research note on Friday, April 8th. Zacks Investment Research downgraded Primo Water Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Bank of America Corp. reiterated a “neutral” rating on shares of Primo Water Corp. in a report on Tuesday, April 5th. B. Riley reiterated a “buy” rating and issued a $13.00 target price on shares of Primo Water Corp. in a report on Monday, May 9th. Finally, Barrington Research upped their target price 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $12.25.

The firm’s 50-day moving average price is $11.20 and its 200 day moving average price is $10.29. The firm has a market cap of $302.62 million and a P/E ratio of 98.98.

Primo Water Corp. (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The firm earned $33 million during the quarter, compared to analyst estimates of $30.85 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. Primo Water Corp.’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts forecast 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 Primo Water Corp. 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 hyperlink.

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

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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