Nutrisystem Inc. (NTRI) Coverage Initiated at Argus
Investment analysts at Argus initiated coverage on shares of Nutrisystem Inc. (NASDAQ:NTRI) in a research note issued to investors on Friday. The firm set a “buy” rating and a $40.00 price target on the stock. Argus’ price objective would indicate a potential upside of 11.11% from the stock’s current price.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Saturday, July 30th. B. Riley restated a “buy” rating and set a $41.00 target price on shares of Nutrisystem in a report on Wednesday, July 27th. Wunderlich raised their target price on shares of Nutrisystem from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 19th. Citigroup Inc. raised their target price on shares of Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. Finally, Barrington Research raised their target price on shares of Nutrisystem from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.14.
Shares of Nutrisystem (NASDAQ:NTRI) opened at 36.00 on Friday. Nutrisystem has a 52 week low of $17.25 and a 52 week high of $36.35. The stock has a 50 day moving average of $31.24 and a 200-day moving average of $28.10. The firm has a market capitalization of $1.06 billion, a PE ratio of 34.92 and a beta of 0.87.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $124.60 million for the quarter, compared to the consensus estimate of $238.36 million. Nutrisystem had a net margin of 5.78% and a return on equity of 43.89%. Nutrisystem’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. Equities analysts anticipate that Nutrisystem will post $1.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Monday, November 7th will be paid 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 dividend payout ratio is currently 67.96%.
In related news, insider Dawn M. Zier sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $28.62, for a total value of $715,500.00. Following the completion of the transaction, the insider now directly owns 247,171 shares of the company’s stock, valued at $7,074,034.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael P. Monahan sold 10,000 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $34.34, for a total transaction of $343,400.00. Following the completion of the transaction, the chief financial officer now directly owns 43,712 shares of the company’s stock, valued at $1,501,070.08. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Emerald Advisers Inc. PA boosted its position in Nutrisystem by 150.8% in the second quarter. Emerald Advisers Inc. PA now owns 942,255 shares of the company’s stock valued at $23,896,000 after buying an additional 566,608 shares in the last quarter. SG Capital Management LLC purchased a new position in Nutrisystem during the second quarter valued at $13,430,000. Emerald Mutual Fund Advisers Trust purchased a new position in Nutrisystem during the second quarter valued at $12,916,000. Teachers Advisors Inc. boosted its position in Nutrisystem by 358.1% in the second quarter. Teachers Advisors Inc. now owns 325,152 shares of the company’s stock valued at $8,246,000 after buying an additional 254,181 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Nutrisystem by 349.2% in the third quarter. Acadian Asset Management LLC now owns 288,175 shares of the company’s stock valued at $8,556,000 after buying an additional 224,027 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.
Nutrisystem Company Profile
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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