NutriSystem Inc (NTRI) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. raised its stake in shares of NutriSystem Inc (NASDAQ:NTRI) by 73.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,302,467 shares of the company’s stock after buying an additional 552,420 shares during the period. Prudential Financial Inc. owned approximately 4.38% of NutriSystem worth $67,794,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in NTRI. Louisiana State Employees Retirement System raised its stake in NutriSystem by 3.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock valued at $677,000 after buying an additional 400 shares in the last quarter. Huntington National Bank acquired a new stake in NutriSystem during the first quarter valued at about $104,000. State of Alaska Department of Revenue raised its stake in NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $183,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors raised its stake in NutriSystem by 7.5% in the first quarter. Nationwide Fund Advisors now owns 57,374 shares of the company’s stock valued at $3,184,000 after buying an additional 4,014 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in NutriSystem during the first quarter valued at about $225,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.
NutriSystem Inc (NTRI) opened at 52.75 on Monday. The stock has a 50 day moving average price of $55.23 and a 200 day moving average price of $51.02. NutriSystem Inc has a 52-week low of $26.90 and a 52-week high of $67.95. The firm has a market cap of $1.57 billion, a P/E ratio of 32.68 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Equities analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were given a $0.175 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 1.33%. NutriSystem’s payout ratio is presently 43.48%.
Several analysts have issued reports on NTRI shares. DA Davidson restated a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a research note on Monday, May 8th. Argus upped their price objective on NutriSystem from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, June 12th. BidaskClub lowered NutriSystem from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research lowered NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. NutriSystem currently has a consensus rating of “Buy” and a consensus target price of $64.90.
In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the transaction, the insider now directly owns 273,867 shares in the company, valued at $14,788,818. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael P. Monahan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $51.14, for a total transaction of $255,700.00. Following the completion of the transaction, the chief financial officer now owns 49,598 shares in the company, valued at $2,536,441.72. The disclosure for this sale can be found here. Insiders sold 99,564 shares of company stock worth $5,198,709 over the last quarter. Insiders own 2.40% of the company’s stock.
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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