Primo Water Corp. (NASDAQ:PRMW) shares were down 1.7% during trading on Thursday . The company traded as low as $11.67 and last traded at $11.75, with a volume of 57,901 shares. The stock had previously closed at $11.95.

A number of research analysts have commented on PRMW shares. B. Riley reaffirmed a “buy” rating and set a $13.00 target price on shares of Primo Water Corp. in a report on Friday, April 29th. Zacks Investment Research raised Primo Water Corp. from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, July 8th. Finally, Barrington Research increased their target price on Primo Water Corp. from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, May 4th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Primo Water Corp. currently has a consensus rating of “Buy” and a consensus price target of $12.50.

The company has a 50-day moving average price of $11.82 and a 200-day moving average price of $10.76. The stock has a market cap of $306.63 million and a P/E ratio of 72.72.

Primo Water Corp. (NASDAQ:PRMW) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $34.40 million for the quarter, compared to analyst estimates of $33.86 million. During the same quarter last year, the firm posted $0.03 EPS. Primo Water Corp.’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that Primo Water Corp. will post $0.24 earnings per share for the current year.

In other news, insider Camden Partners Strategic Fund sold 27,929 shares of Primo Water Corp. stock in a transaction on Monday, June 27th. The shares were sold at an average price of $10.46, for a total transaction of $292,137.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Primo Water Corp. stock. Dimensional Fund Advisors LP raised its position in Primo Water Corp. (NASDAQ:PRMW) by 490.3% during the fourth quarter, according to its most recent 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 about 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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