Bank of New York Mellon Corp Has $26.45 Million Holdings in NutriSystem Inc (NTRI)
Bank of New York Mellon Corp raised its position in NutriSystem Inc (NASDAQ:NTRI) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 508,051 shares of the company’s stock after buying an additional 11,553 shares during the period. Bank of New York Mellon Corp owned approximately 1.71% of NutriSystem worth $26,445,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in NutriSystem in the 2nd quarter valued at about $106,000. FNY Partners Fund LP purchased a new position in NutriSystem in the 1st quarter valued at about $111,000. Ameritas Investment Partners Inc. purchased a new position in NutriSystem in the 1st quarter valued at about $130,000. Creative Planning boosted its position in NutriSystem by 5.3% in the 2nd quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after buying an additional 171 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in NutriSystem in the 2nd quarter valued at about $199,000. 92.59% of the stock is owned by institutional investors.
In other NutriSystem news, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Bernstock sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total transaction of $372,820.00. Following the completion of the sale, the director now owns 25,350 shares in the company, valued at $1,350,141. The disclosure for this sale can be found here. Insiders sold a total of 76,100 shares of company stock worth $4,058,820 over the last 90 days. Company insiders own 2.40% of the company’s stock.
NutriSystem Inc (NTRI) opened at 52.35 on Wednesday. The company has a market cap of $1.56 billion, a PE ratio of 32.43 and a beta of 1.15. The stock’s 50 day moving average is $54.49 and its 200 day moving average is $52.51. NutriSystem Inc has a 12 month low of $26.90 and a 12 month high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.18. The company had revenue of $194.90 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.54 EPS. Equities analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current year.
The business 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 of this dividend was Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 1.34%. NutriSystem’s dividend payout ratio is 43.48%.
A number of equities analysts have weighed in on the stock. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Craig Hallum set a $80.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. DA Davidson reissued a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a research report on Monday, July 24th. BidaskClub raised shares of NutriSystem from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday, July 31st. 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 company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.90.
NutriSystem Company Profile
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.
Receive News & Stock Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related stocks with our FREE daily email newsletter.