ValuEngine upgraded shares of Weight Watchers International Inc (NYSE:WTW) from a hold rating to a buy rating in a research note released on Friday.

Several other brokerages also recently issued reports on WTW. Zacks Investment Research raised shares of Weight Watchers International from a hold rating to a strong-buy rating and set a $54.00 price objective for the company in a research note on Friday, August 18th. BidaskClub raised shares of Weight Watchers International from a buy rating to a strong-buy rating in a research note on Friday, August 11th. Sidoti downgraded shares of Weight Watchers International from a buy rating to a neutral rating in a research note on Tuesday, May 30th. Finally, Morgan Stanley raised their price objective on shares of Weight Watchers International from $13.00 to $18.00 and gave the stock an underweight rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $27.44.

Weight Watchers International (WTW) opened at 45.65 on Friday. The stock has a market cap of $2.94 billion, a P/E ratio of 29.24 and a beta of 3.03. The company’s 50-day moving average price is $42.48 and its 200-day moving average price is $27.31. Weight Watchers International has a one year low of $9.37 and a one year high of $49.32.

Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The firm had revenue of $341.70 million during the quarter, compared to the consensus estimate of $329.55 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts forecast that Weight Watchers International will post $1.46 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. McQueen Ball & Associates Inc. bought a new stake in Weight Watchers International in the second quarter worth about $271,000. Highbridge Capital Management LLC bought a new stake in Weight Watchers International in the first quarter worth about $391,000. Clinton Group Inc. bought a new stake in Weight Watchers International in the first quarter worth about $271,000. James Investment Research Inc. bought a new stake in Weight Watchers International in the second quarter worth about $1,622,000. Finally, Kohlberg Kravis Roberts & Co. L.P. bought a new stake in Weight Watchers International in the first quarter worth about $3,308,000. 88.24% of the stock is owned by institutional investors and hedge funds.

About Weight Watchers International

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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