Primo Water Corp. (NASDAQ:PRMW) shares were up 2.1% during trading on Tuesday . The company traded as high as $12.26 and last traded at $12.23, with a volume of 228,970 shares changing hands. The stock had previously closed at $11.98.

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

The firm has a market cap of $319.91 million and a P/E ratio of 75.86. The stock has a 50 day moving average of $11.74 and a 200 day moving average of $10.64.

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

In other news, insider Camden Partners Strategic Fund sold 46,406 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $11.45, for a total value of $531,348.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A hedge fund recently raised its stake 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 Form 13F filing with the Securities and Exchange Commission. 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 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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