NutriSystem Inc (NASDAQ:NTRI) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $64.90.
A number of research analysts have recently weighed in on NTRI shares. Craig Hallum set a $70.00 price objective on NutriSystem and gave the company a “buy” rating in a report on Tuesday, July 18th. DA Davidson reaffirmed a “buy” rating and set a $64.00 target price on shares of NutriSystem in a report on Monday, July 24th. BidaskClub raised NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday. Wunderlich lowered NutriSystem from a “buy” rating to a “hold” rating and raised their target price for the stock from $52.00 to $60.00 in a report on Thursday, April 27th. Finally, Sidoti raised NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, June 12th.
NutriSystem (NTRI) traded down 1.92% during midday trading on Tuesday, hitting $53.75. The company’s stock had a trading volume of 170,230 shares. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The company’s 50-day moving average is $54.71 and its 200 day moving average is $49.40. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 33.30 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. On average, analysts predict that NutriSystem will post $1.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 3rd. NutriSystem’s payout ratio is currently 43.48%.
In other NutriSystem news, insider Keira Krausz sold 5,554 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $49.58, for a total value of $275,367.32. Following the sale, the insider now directly owns 61,067 shares of the company’s stock, valued at $3,027,701.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $50.03, for a total value of $250,150.00. Following the completion of the sale, the chief financial officer now directly owns 37,743 shares in the company, valued at $1,888,282.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,464 shares of company stock worth $3,877,459. 2.40% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its position in NutriSystem by 6.2% in the second quarter. Citigroup Inc. now owns 18,770 shares of the company’s stock valued at $977,000 after buying an additional 1,103 shares during the period. Pinebridge Investments L.P. increased its position in NutriSystem by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 3,939 shares of the company’s stock valued at $205,000 after buying an additional 41 shares during the period. UBS Asset Management Americas Inc. increased its position in NutriSystem by 138.6% in the second quarter. UBS Asset Management Americas Inc. now owns 15,361 shares of the company’s stock valued at $800,000 after buying an additional 8,922 shares during the period. Thrivent Financial For Lutherans increased its position in NutriSystem by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 759,853 shares of the company’s stock valued at $39,550,000 after buying an additional 14,672 shares during the period. Finally, Profund Advisors LLC increased its position in NutriSystem by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the company’s stock valued at $300,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 94.79% of the company’s stock.
NutriSystem Company Profile
Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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