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

Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of Primo Water Corp. in a research note on Friday, April 29th. Zacks Investment Research raised 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 note on Saturday, July 30th. Finally, 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 note on Wednesday, May 4th. One investment 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 company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.50.

The firm has a market capitalization of $308.46 million and a P/E ratio of 73.15. The company has a 50-day moving average price of $11.84 and a 200 day moving average price of $10.79.

Primo Water Corp. (NASDAQ:PRMW) last released 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. The business earned $34.40 million during the quarter, compared to analyst estimates of $33.86 million. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Primo Water Corp. will post $0.24 EPS for the current fiscal year.

In other news, insider Camden Partners Strategic Fund sold 27,929 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $10.46, for a total value of $292,137.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Primo Water Corp. stock. Dimensional Fund Advisors LP boosted 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 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).

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