Weight Watchers International Inc. (WTW) Stock Rating Upgraded by Vetr Inc.
Weight Watchers International Inc. (NYSE:WTW) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm presently has a $11.83 price objective on the stock. Vetr‘s price objective points to a potential upside of 14.85% from the stock’s current price.
Separately, Zacks Investment Research upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.55.
Shares of Weight Watchers International (NYSE:WTW) opened at 10.30 on Monday. The company has a market capitalization of $657.78 million, a P/E ratio of 21.37 and a beta of 3.17. The stock has a 50 day moving average price of $10.46 and a 200-day moving average price of $12.40. Weight Watchers International has a one year low of $6.68 and a one year high of $28.05.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company earned $310 million during the quarter, compared to the consensus estimate of $318.30 million. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. Equities research analysts predict that Weight Watchers International will post $0.94 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its position in Weight Watchers International by 926.1% in the second quarter. Acrospire Investment Management LLC now owns 8,753 shares of the company’s stock valued at $102,000 after buying an additional 7,900 shares during the period. Alpine Partners VI LLC purchased a new position in Weight Watchers International during the second quarter valued at approximately $122,000. Seven Eight Capital LLC boosted its position in Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares during the period. BNP Paribas Arbitrage SA boosted its position in Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock valued at $153,000 after buying an additional 9,537 shares during the period. Finally, Zacks Investment Management boosted its position in Weight Watchers International by 0.4% in the second quarter. Zacks Investment Management now owns 14,565 shares of the company’s stock valued at $169,000 after buying an additional 58 shares during the period. 91.90% of the stock is owned by hedge funds and other institutional investors.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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