Nutrisystem Inc. (NTRI) CFO Michael P. Monahan Sells 10,000 Shares of Stock
Nutrisystem Inc. (NASDAQ:NTRI) CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $34.34, for a total value of $343,400.00. Following the completion of the sale, the chief financial officer now directly owns 43,712 shares of the company’s stock, valued at $1,501,070.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) opened at 36.00 on Tuesday. Nutrisystem Inc. has a 12-month low of $17.25 and a 12-month high of $36.35. The company has a 50 day moving average price of $31.24 and a 200-day moving average price of $28.10. The firm has a market cap of $1.06 billion, a PE ratio of 34.92 and a beta of 0.87.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Nutrisystem had a net margin of 5.78% and a return on equity of 43.89%. The business had revenue of $124.60 million for the quarter, compared to analysts’ expectations of $238.36 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. Analysts expect that Nutrisystem Inc. will post $1.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Monday, November 7th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, November 3rd. This represents a $0.70 annualized dividend and a dividend yield of 1.94%. Nutrisystem’s payout ratio is 67.96%.
Several analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $43.00 target price on shares of Nutrisystem in a report on Saturday, October 29th. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Saturday, July 30th. Citigroup Inc. boosted their target price on Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, September 13th. Argus initiated coverage on Nutrisystem in a research report on Friday. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Barrington Research restated an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.14.
Institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. boosted its position in shares of Nutrisystem by 5.6% in the third quarter. Eagle Asset Management Inc. now owns 2,090,491 shares of the company’s stock worth $62,066,000 after buying an additional 111,207 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Nutrisystem by 7.5% in the third quarter. BlackRock Fund Advisors now owns 2,056,494 shares of the company’s stock worth $61,057,000 after buying an additional 143,294 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Nutrisystem by 3.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,390,931 shares of the company’s stock worth $35,274,000 after buying an additional 41,791 shares in the last quarter. Copper Rock Capital Partners LLC boosted its stake in Nutrisystem by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,272,451 shares of the company’s stock worth $32,269,000 after buying an additional 19,761 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Nutrisystem by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,082,319 shares of the company’s stock worth $27,447,000 after buying an additional 30,423 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.
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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