Weight Watchers International Inc. (NYSE:WTW) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $13.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 11.88% from the company’s previous close.

According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “

Separately, Vetr downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating and set a $10.24 price target on the stock. in a report on Wednesday, October 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Weight Watchers International currently has an average rating of “Buy” and a consensus target price of $19.54.

Shares of Weight Watchers International (NYSE:WTW) opened at 11.62 on Wednesday. The stock has a market capitalization of $741.34 million, a P/E ratio of 17.42 and a beta of 3.16. Weight Watchers International has a 52-week low of $9.37 and a 52-week high of $28.05. The firm’s 50-day moving average price is $10.41 and its 200-day moving average price is $11.75.

Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. The business had revenue of $281 million for the quarter, compared to the consensus estimate of $290.25 million. Weight Watchers International had a negative return on equity of 4.10% and a net margin of 3.73%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Equities analysts forecast that Weight Watchers International will post $0.95 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of WTW. KCG Holdings Inc. boosted its stake in Weight Watchers International by 22.4% in the third quarter. KCG Holdings Inc. now owns 46,230 shares of the company’s stock valued at $477,000 after buying an additional 8,455 shares in the last quarter. Kellner Capital LLC boosted its stake in Weight Watchers International by 66.7% in the third quarter. Kellner Capital LLC now owns 25,000 shares of the company’s stock valued at $258,000 after buying an additional 10,000 shares in the last quarter. California State Teachers Retirement System boosted its stake in Weight Watchers International by 0.9% in the third quarter. California State Teachers Retirement System now owns 58,677 shares of the company’s stock valued at $606,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Weight Watchers International during the third quarter valued at approximately $123,000. Finally, BlackRock Group LTD boosted its stake in Weight Watchers International by 2.6% in the third quarter. BlackRock Group LTD now owns 21,859 shares of the company’s stock valued at $225,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

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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