Shares of Primo Water Corp. (NASDAQ:PRMW) were up 1.8% during mid-day trading on Friday . The company traded as high as $12.12 and last traded at $11.99, with a volume of 65,459 shares. The stock had previously closed at $11.78.

A number of analysts recently issued reports on PRMW shares. Barrington Research increased their target price on shares of Primo Water Corp. from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 4th. B. Riley reissued a “buy” rating and set a $13.00 target price on shares of Primo Water Corp. in a research report on Wednesday, May 4th. Finally, Zacks Investment Research downgraded shares of Primo Water Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.50.

The company has a market capitalization of $308.46 million and a PE ratio of 73.15. The firm 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 results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The company earned $34.40 million during the quarter, compared to analyst estimates of $33.86 million. During the same quarter last year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Primo Water Corp. will post $0.24 earnings per share for the current year.

In related news, insider Camden Partners Strategic Fund sold 27,929 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $10.46, for a total value of $292,137.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently raised its position in Primo Water Corp. stock. Dimensional Fund Advisors LP increased its position 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 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 0.59% of Primo Water Corp. worth $1,214,000 at the end of the most recent quarter.

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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