Primo Water Corp. (NASDAQ:PRMW)’s share price was up 4.6% during mid-day trading on Friday . The stock traded as high as $11.99 and last traded at $11.94, with a volume of 69,844 shares. The stock had previously closed at $11.42.

Several equities analysts have recently issued reports on PRMW shares. Zacks Investment Research upgraded Primo Water Corp. from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, August 9th. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of Primo Water Corp. in a research report on Monday, May 9th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $12.50.

The stock has a 50-day moving average of $11.86 and a 200 day moving average of $10.89. The firm has a market capitalization of $309.24 million and a price-to-earnings ratio of 73.33.

Primo Water Corp. (NASDAQ:PRMW) last announced 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 company had revenue of $34.40 million for the quarter, compared to analyst estimates of $33.86 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Primo Water Corp. will post $0.24 EPS for the current year.

In other news, insider Camden Partners Strategic Fund sold 27,929 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link.

A hedge fund recently raised its stake 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 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 approximately 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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