B. Riley Brokers Raise Earnings Estimates for Primo Water Corporation (PRMW)

Primo Water Corporation (NASDAQ:PRMW) – Equities research analysts at B. Riley boosted their FY2017 earnings per share estimates for shares of Primo Water Corporation in a research note issued on Wednesday. B. Riley analyst K. Anderson now anticipates that the company will earn ($0.25) per share for the year, up from their previous forecast of ($0.32). B. Riley currently has a “Buy” rating and a $17.50 price target on the stock. B. Riley also issued estimates for Primo Water Corporation’s Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.09 EPS and Q3 2018 earnings at $0.18 EPS.

A number of other research firms also recently weighed in on PRMW. Zacks Investment Research downgraded shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Barrington Research lifted their price target on shares of Primo Water Corporation from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, ValuEngine downgraded shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Primo Water Corporation presently has an average rating of “Hold” and an average target price of $17.10.

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Shares of Primo Water Corporation (NASDAQ PRMW) opened at $12.59 on Friday. Primo Water Corporation has a 52 week low of $10.47 and a 52 week high of $15.39. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 3.99.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Primo Water Corporation by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,045,252 shares of the company’s stock valued at $13,275,000 after acquiring an additional 44,864 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Primo Water Corporation by 10.5% in the first quarter. Renaissance Technologies LLC now owns 790,055 shares of the company’s stock valued at $10,729,000 after buying an additional 74,800 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Primo Water Corporation by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 656,057 shares of the company’s stock valued at $8,908,000 after buying an additional 87,018 shares during the last quarter. Elk Creek Partners LLC raised its holdings in shares of Primo Water Corporation by 16.7% in the second quarter. Elk Creek Partners LLC now owns 619,999 shares of the company’s stock valued at $7,874,000 after buying an additional 88,633 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Primo Water Corporation in the second quarter valued at about $7,010,000. 62.77% of the stock is owned by institutional investors.

In other Primo Water Corporation news, Director Malcolm Mcquilkin sold 11,082 shares of Primo Water Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $11.86, for a total transaction of $131,432.52. Following the completion of the transaction, the director now directly owns 126,042 shares of the company’s stock, valued at $1,494,858.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Billy D. Prim sold 1,000,000 shares of Primo Water Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $12.16, for a total value of $12,160,000.00. Following the transaction, the insider now directly owns 1,980,927 shares of the company’s stock, valued at $24,088,072.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,040,858 shares of company stock valued at $12,639,169. Company insiders own 15.80% of the company’s stock.

Primo Water Corporation Company Profile

Primo Water Corporation (Primo) provides 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. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

Earnings History and Estimates for Primo Water Corporation (NASDAQ:PRMW)

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