The stock of Primo Water Corporation (NASDAQ:PRMW) is a huge mover today! About 588,989 shares traded hands or 471.00% up from the average. Primo Water Corporation (NASDAQ:PRMW) has risen 34.05% since March 7, 2016 and is uptrending. It has outperformed by 26.46% the S&P500.
The move comes after 6 months positive chart setup for the $343.22M company. It was reported on Oct, 10 by Barchart.com. We have $20.00 PT which if reached, will make NASDAQ:PRMW worth $171.61 million more.
Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on November, 3. They expect $0.08 earnings per share, up 60.00% or $0.03 from last year’s $0.05 per share. PRMW’s profit will be $2.06 million for 41.66 P/E if the $0.08 EPS becomes a reality. After $0.09 actual earnings per share reported by Primo Water Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Primo Water Corporation (NASDAQ:PRMW) Ratings Coverage
Out of 2 analysts covering Primo Water (NASDAQ:PRMW), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Primo Water has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Tuesday, December 29 the stock rating was upgraded by Barrington Research to “Outperform”. The firm has “Market Perform” rating given on Friday, October 30 by Barrington Research. Zacks upgraded Primo Water Corporation (NASDAQ:PRMW) rating on Wednesday, August 5. Zacks has “Hold” rating and $7.25 price target.
According to Zacks Investment Research, “Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. The Company’s water bottles can be sanitized and reused, crushed and recycled. Also, it provides water bottle exchange solution for its retail customers. It operates through two segments, Primo Bottled Water Exchange and Primo Products. Prime Water Corporation is headquartered in Winston-Salem, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.45, from 1.55 in 2016Q1. The ratio is positive, as 10 funds sold all Primo Water Corporation shares owned while 22 reduced positions. 27 funds bought stakes while 37 increased positions. They now own 16.09 million shares or 11.61% more from 14.42 million shares in 2016Q1.
Moreover, Barclays Pcl has 0% invested in Primo Water Corporation (NASDAQ:PRMW) for 52,673 shares. Blackrock Fund Advsr accumulated 0% or 548,064 shares. Northern Trust holds 0% or 283,338 shares in its portfolio. Blue Clay Management Lc owns 103,300 shares or 1.42% of their US portfolio. Gilman Hill Asset Ltd Co accumulated 0.08% or 15,628 shares. Voya Invest Limited Company holds 0% or 12,319 shares in its portfolio. The New York-based Group Inc has invested 0% in Primo Water Corporation (NASDAQ:PRMW). Tiaa Cref Invest Limited Liability Corporation accumulated 0% or 87,647 shares. Parallax Volatility Advisers L P accumulated 0% or 22,822 shares. Tfs Capital Ltd Liability Corp last reported 0.07% of its portfolio in the stock. Timpani Capital Management Lc reported 52,651 shares or 0.26% of all its holdings. Moreover, Blackrock Japan Company Limited has 0% invested in Primo Water Corporation (NASDAQ:PRMW) for 5,329 shares. D E Shaw & Co Inc reported 23,637 shares or 0% of all its holdings. Manatuck Hill Prtnrs Limited Liability Company, a Connecticut-based fund reported 1.78 million shares. Cubist Systematic Strategies Ltd Llc has 0.01% invested in the company for 10,120 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 4 selling transactions for $1.84 million net activity. $512,678 worth of Primo Water Corporation (NASDAQ:PRMW) was sold by WARNOCK DAVID L on Monday, May 23.
More important recent Primo Water Corporation (NASDAQ:PRMW) news were published by: Globenewswire.com which released: “Primo Water to Acquire Glacier Water Services, Inc.” on October 10, 2016, also Benzinga.com published article titled: “Benzinga’s Volume Movers”, Seekingalpha.com published: “Primo Water Corporation Is Turning Around” on September 23, 2013. More interesting news about Primo Water Corporation (NASDAQ:PRMW) was released by: Journalnow.com and their article: “Primo Water has cut 40 employees since buying unit” with publication date: April 17, 2012.
PRMW Company Profile
Primo Water Corporation, incorporated on October 20, 2004, is a well-known 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 Firm conducts its activities through two divisions: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment consists of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. The Company’s products are offered in each of the United States and in Canada at approximately 25,700 combined retail locations, including Lowe’s Home Improvement, Walmart, The Home Depot, Kmart, Meijer, Kroger, Food Lion, H-E-B Grocery, Sobeys and Walgreens. Exchange and Refill provide clients the ability of either exchanging empty bottles and purchasing full bottles or refilling the empty bottles at any participating retailer.
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