Michael P. Monahan Sells 11,335 Shares of NutriSystem Inc (NTRI) Stock
NutriSystem Inc (NASDAQ:NTRI) CFO Michael P. Monahan sold 11,335 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $55.03, for a total value of $623,765.05. Following the sale, the chief financial officer now directly owns 55,933 shares of the company’s stock, valued at $3,077,992.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
NutriSystem Inc (NTRI) opened at 55.90 on Friday. NutriSystem Inc has a 52 week low of $29.05 and a 52 week high of $67.95. The stock has a 50 day moving average price of $53.23 and a 200-day moving average price of $52.80. The stock has a market cap of $1.66 billion, a P/E ratio of 34.63 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The company had revenue of $194.90 million during 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 firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts anticipate that NutriSystem Inc will post $1.91 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of NutriSystem during the second quarter valued at approximately $106,000. FNY Partners Fund LP bought a new stake in shares of NutriSystem during the first quarter valued at approximately $111,000. Riverhead Capital Management LLC grew its position in NutriSystem by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after purchasing an additional 931 shares during the period. Ameritas Investment Partners Inc. bought a new stake in NutriSystem in the 1st quarter worth approximately $130,000. Finally, Victory Capital Management Inc. grew its position in NutriSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after purchasing an additional 397 shares during the period. 92.59% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on NTRI shares. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. Craig Hallum set a $80.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. DA Davidson restated a “buy” rating and issued a $64.00 target price on shares of NutriSystem in a research note on Monday, July 24th. BidaskClub upgraded NutriSystem from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.11.
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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