NutriSystem (NTRI) Getting Somewhat Positive News Coverage, Accern Reports
News articles about NutriSystem (NASDAQ:NTRI) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NutriSystem earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.638439839788 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Nutrisystem Team Celebrates Go Red For Women’s Record-Breaking Success At Annual Event In Philadelphia. (Photo: Business Wire) (thestreet.com)
- Nutrisystem, Inc. & the American Heart Association in Greater Philadelphia Celebrate Go Red For Women’s Record-Breaking Suc… (ih.advfn.com)
- Nutrisystem, Inc. (NTRI) has a value of $53.90 per share While TrueBlue, Inc. (TBI) is stand at $20.00 – Stocks Gallery (stocksgallery.com)
- Volume Moving the Tape For Nutrisystem Inc (NTRI) – Sparta Review (spartareview.com)
- Which Direction Are Nutrisystem Inc (NTRI) Shares Trending? – Stock Press Daily (stockpressdaily.com)
Several analysts have issued reports on NTRI shares. Wunderlich lowered NutriSystem from a “buy” rating to a “hold” rating and boosted their price target for the company from $52.00 to $60.00 in a report on Thursday, April 27th. BidaskClub lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Craig Hallum set a $70.00 price target on NutriSystem and gave the company a “buy” rating in a report on Thursday, April 27th. DA Davidson reissued a “buy” rating and set a $79.00 price target (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Finally, B. Riley reissued a “buy” rating and set a $74.00 price target on shares of NutriSystem in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $64.90.
NutriSystem (NASDAQ NTRI) traded up 1.613% during trading on Friday, hitting $55.125. The stock had a trading volume of 201,309 shares. The firm’s 50-day moving average price is $54.87 and its 200-day moving average price is $50.10. NutriSystem has a 52-week low of $26.90 and a 52-week high of $67.95. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 34.154 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. During the same quarter in the previous year, the business earned $0.54 EPS. NutriSystem’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts predict that NutriSystem will post $1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 annualized dividend and a dividend yield of 1.29%. NutriSystem’s dividend payout ratio is presently 43.48%.
In related news, insider Dawn M. Zier sold 30,000 shares of NutriSystem stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total value of $1,581,300.00. Following the sale, the insider now directly owns 283,931 shares in the company, valued at approximately $14,966,003.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael P. Monahan sold 5,000 shares of NutriSystem stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total value of $250,150.00. Following the completion of the sale, the chief financial officer now owns 37,743 shares in the company, valued at $1,888,282.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,564 shares of company stock worth $5,448,859. 2.40% of the stock is currently owned by insiders.
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Nutrisystem, Inc 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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