Primo Water Corp. (NASDAQ:PRMW) shares were down 3% on Monday . The company traded as low as $12.08 and last traded at $12.09, with a volume of 57,509 shares changing hands. The stock had previously closed at $12.46.

Several brokerages have recently commented on PRMW. B. Riley reissued a “buy” rating and set a $13.00 price objective on shares of Primo Water Corp. in a report on Friday, April 29th. Barrington Research boosted their price objective on Primo Water Corp. from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research lowered Primo Water Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Primo Water Corp. presently has an average rating of “Buy” and a consensus price target of $12.25.

The stock has a market capitalization of $317.05 million and a P/E ratio of 75.19. The firm has a 50 day moving average price of $11.47 and a 200-day moving average price of $10.50.

Primo Water Corp. (NASDAQ:PRMW) last posted its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm earned $34.40 million during the quarter, compared to the consensus estimate of $33.86 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Primo Water Corp. will post $0.24 earnings per share for the current fiscal year.

In other Primo Water Corp. news, insider Camden Partners Strategic Fund sold 43,566 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $11.77, for a total value of $512,771.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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