Primo Water Corp. (PRMW) Sees Unusually-High Trading Volume
Primo Water Corp. (NASDAQ:PRMW) saw an uptick in trading volume on Wednesday . 142,323 shares changed hands during trading, a decline of 1% from the previous session’s volume of 143,225 shares.The stock last traded at $12.21 and had previously closed at $12.24.
A number of brokerages have weighed in on PRMW. B. Riley reiterated a “buy” rating and set a $13.00 price target on shares of Primo Water Corp. in a research report on Wednesday, August 3rd. Barrington Research lifted their price target on shares of Primo Water Corp. from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, May 4th. Finally, Zacks Investment Research upgraded shares of Primo Water Corp. from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, July 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.50.
The firm has a market capitalization of $319.91 million and a PE ratio of 75.86. The firm’s 50-day moving average price is $11.74 and its 200 day moving average price is $10.64.
Primo Water Corp. (NASDAQ:PRMW) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. During the same period in the previous year, the company posted $0.03 earnings per share. The business earned $34.40 million during the quarter, compared to analyst estimates of $33.86 million. Primo Water Corp.’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Primo Water Corp. will post $0.24 EPS for the current fiscal year.
In related news, insider Camden Partners Strategic Fund sold 27,929 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $10.46, for a total value of $292,137.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
An institutional investor recently raised its position in Primo Water Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of Primo Water Corp. (NASDAQ:PRMW) by 490.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the SEC.
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).