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.

About NutriSystem

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.

Insider Buying and Selling by Quarter for NutriSystem (NASDAQ:NTRI)

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