NutriSystem Inc (NTRI) Director Robert F. Bernstock Sells 7,000 Shares
NutriSystem Inc (NASDAQ:NTRI) Director Robert F. Bernstock sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the transaction, the director now owns 25,350 shares in the company, valued at approximately $1,350,141. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NutriSystem Inc (NTRI) traded up 0.19% on Friday, hitting $52.05. The company had a trading volume of 270,240 shares. The firm’s 50 day moving average price is $54.84 and its 200 day moving average price is $52.18. NutriSystem Inc has a 12-month low of $26.90 and a 12-month high of $67.95. The stock has a market cap of $1.55 billion, a P/E ratio of 32.25 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The firm had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Equities analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, August 3rd. NutriSystem’s dividend payout ratio (DPR) is 43.48%.
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A number of hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its holdings in NutriSystem by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,812 shares of the company’s stock valued at $511,000 after acquiring an additional 25 shares during the period. Pinebridge Investments L.P. boosted its holdings in NutriSystem by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 3,939 shares of the company’s stock valued at $205,000 after acquiring an additional 41 shares during the period. State of Alaska Department of Revenue boosted its holdings in NutriSystem by 3.1% during the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $183,000 after acquiring an additional 100 shares during the period. US Bancorp DE boosted its holdings in NutriSystem by 2.2% during the first quarter. US Bancorp DE now owns 5,211 shares of the company’s stock valued at $289,000 after acquiring an additional 110 shares during the period. Finally, Creative Planning boosted its holdings in NutriSystem by 5.3% during the second quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after acquiring an additional 171 shares during the period. Institutional investors own 92.59% of the company’s stock.
A number of brokerages have commented on NTRI. BidaskClub cut NutriSystem from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. B. Riley restated a “buy” rating and set a $74.00 price objective on shares of NutriSystem in a research note on Wednesday, August 2nd. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research note on Monday, July 31st. DA Davidson restated a “buy” rating and set a $79.00 price objective (up previously from $64.00) on shares of NutriSystem in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Saturday, July 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $64.90.
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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