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

A number of analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of Primo Water Corp. in a research note on Friday, July 29th. Zacks Investment Research upgraded Primo Water Corp. from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Saturday, July 30th. One equities research 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 stock. The company has an average rating of “Buy” and a consensus target price of $12.50.

The firm has a market cap of $309.24 million and a price-to-earnings ratio of 73.33. The firm has a 50-day moving average price of $11.88 and a 200 day moving average price of $10.89.

Primo Water Corp. (NASDAQ:PRMW) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The firm earned $34.40 million during the quarter, compared to analysts’ expectations of $33.86 million. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. Equities research analysts predict that Primo Water Corp. will post $0.24 earnings per share for the current fiscal year.

In other news, insider Camden Partners Strategic Fund sold 27,929 shares of the firm’s 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 filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Primo Water Corp. stock. Dimensional Fund Advisors LP boosted its position in Primo Water Corp. (NASDAQ:PRMW) by 490.3% during the fourth quarter, according to its most recent 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 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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