Primo Water Corporation (NASDAQ:PRMW) – Equities researchers at Barrington Research issued their Q2 2018 earnings per share estimates for Primo Water Corporation in a report released on Tuesday. Barrington Research analyst M. Petusky forecasts that the brokerage will post earnings per share of $0.11 for the quarter. Barrington Research has a “Outperform” rating and a $15.00 price target on the stock. Barrington Research also issued estimates for Primo Water Corporation’s Q4 2018 earnings at $0.06 EPS and FY2019 earnings at $0.50 EPS.

Several other research firms have also weighed in on PRMW. B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of Primo Water Corporation in a research note on Sunday, October 16th. Zacks Investment Research upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, TheStreet lowered shares of Primo Water Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.17.

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Shares of Primo Water Corporation (NASDAQ:PRMW) traded down 1.44% on Wednesday, reaching $12.30. 93,353 shares of the company were exchanged. Primo Water Corporation has a 12 month low of $8.00 and a 12 month high of $14.99. The company’s 50-day moving average price is $12.73 and its 200 day moving average price is $12.23. The company has a market cap of $320.32 million, a price-to-earnings ratio of 63.40 and a beta of -0.25.

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A number of hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in Primo Water Corporation by 0.7% in the third quarter. California State Teachers Retirement System now owns 44,579 shares of the company’s stock valued at $541,000 after buying an additional 300 shares during the last quarter. BlackRock Inc. increased its stake in Primo Water Corporation by 1.1% in the third quarter. BlackRock Inc. now owns 35,765 shares of the company’s stock valued at $434,000 after buying an additional 372 shares during the last quarter. Rhumbline Advisers increased its stake in Primo Water Corporation by 3.1% in the third quarter. Rhumbline Advisers now owns 19,684 shares of the company’s stock valued at $239,000 after buying an additional 600 shares during the last quarter. Wells Fargo & Company MN increased its stake in Primo Water Corporation by 2.8% in the third quarter. Wells Fargo & Company MN now owns 47,030 shares of the company’s stock valued at $570,000 after buying an additional 1,260 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in Primo Water Corporation by 0.4% in the third quarter. BlackRock Advisors LLC now owns 293,681 shares of the company’s stock valued at $3,562,000 after buying an additional 1,270 shares during the last quarter. 56.58% of the stock is owned by institutional investors and hedge funds.

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In related news, VP David J. Mills sold 2,053 shares of Primo Water Corporation stock in a transaction on Monday, December 12th. The shares were sold at an average price of $12.40, for a total value of $25,457.20. Following the completion of the sale, the vice president now owns 35,164 shares of the company’s stock, valued at approximately $436,033.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David L. Warnock sold 38,000 shares of Primo Water Corporation stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $13.28, for a total transaction of $504,640.00. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by insiders.

Primo Water Corporation Company Profile

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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