Nutrisystem Inc. (NTRI) Downgraded by Zacks Investment Research
Nutrisystem Inc. (NASDAQ:NTRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
Other equities research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $41.00 price target on shares of Nutrisystem in a report on Monday, September 12th. Citigroup Inc. increased their price target on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. Finally, Barrington Research reiterated an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.67.
Shares of Nutrisystem (NASDAQ:NTRI) opened at 29.49 on Tuesday. The company has a market cap of $863.29 million, a P/E ratio of 29.17 and a beta of 0.76. The stock’s 50 day moving average price is $28.88 and its 200-day moving average price is $25.76. Nutrisystem has a 12 month low of $17.25 and a 12 month high of $30.45.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The business had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.77 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities research analysts expect that Nutrisystem will post $1.11 earnings per share for the current year.
In other Nutrisystem news, insider Dawn M. Zier sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.10, for a total transaction of $652,500.00. Following the transaction, the insider now directly owns 247,171 shares in the company, valued at approximately $6,451,163.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Keira Krausz sold 20,000 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $26.26, for a total value of $525,200.00. Following the transaction, the chief marketing officer now owns 92,362 shares in the company, valued at $2,425,426.12. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in Nutrisystem by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,062 shares of the company’s stock valued at $103,000 after buying an additional 494 shares during the last quarter. Mason Street Advisors LLC purchased a new position in Nutrisystem during the second quarter valued at approximately $144,000. BNP Paribas Arbitrage SA increased its position in Nutrisystem by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,586 shares of the company’s stock valued at $243,000 after buying an additional 4,787 shares during the last quarter. Capital Growth Management LP purchased a new position in Nutrisystem during the second quarter valued at approximately $254,000. Finally, Victory Capital Management Inc. increased its position in Nutrisystem by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,588 shares of the company’s stock valued at $294,000 after buying an additional 1,731 shares during the last quarter. Institutional investors own 93.77% of the company’s stock.
Nutrisystem, Inc (Nutrisystem) 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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