Zacks Investment Management Boosts Stake in NutriSystem Inc (NTRI)
Zacks Investment Management lifted its stake in NutriSystem Inc (NASDAQ:NTRI) by 38.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,039 shares of the company’s stock after acquiring an additional 4,963 shares during the quarter. Zacks Investment Management owned approximately 0.06% of NutriSystem worth $939,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTRI. Voya Investment Management LLC raised its holdings in shares of NutriSystem by 133.8% during the second quarter. Voya Investment Management LLC now owns 30,558 shares of the company’s stock worth $1,591,000 after acquiring an additional 17,487 shares in the last quarter. OxFORD Asset Management LLP boosted its position in NutriSystem by 30.9% during the second quarter. OxFORD Asset Management LLP now owns 53,266 shares of the company’s stock valued at $2,772,000 after purchasing an additional 12,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NutriSystem by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,105,785 shares of the company’s stock valued at $57,557,000 after purchasing an additional 5,597 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in NutriSystem by 26.3% during the second quarter. Parametric Portfolio Associates LLC now owns 97,730 shares of the company’s stock valued at $5,087,000 after purchasing an additional 20,367 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in NutriSystem during the second quarter valued at $1,209,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Dawn M. Zier sold 29,100 shares of NutriSystem stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total value of $1,571,400.00. Following the sale, the insider now owns 273,867 shares of the company’s stock, valued at $14,788,818. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael P. Monahan sold 11,335 shares of NutriSystem stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $55.03, for a total value of $623,765.05. Following the completion of the sale, the chief financial officer now directly owns 55,933 shares in the company, valued at approximately $3,077,992.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,556 shares of company stock valued at $6,257,010. Company insiders own 2.40% of the company’s stock.
NutriSystem Inc (NTRI) opened at 56.60 on Tuesday. NutriSystem Inc has a 12-month low of $29.35 and a 12-month high of $67.95. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 35.07 and a beta of 1.15. The firm’s 50-day moving average price is $53.32 and its 200 day moving average price is $53.10.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. During the same period in the previous year, the business earned $0.54 EPS. The company’s revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts expect that NutriSystem Inc will post $1.91 EPS for the current fiscal year.
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A number of research analysts have commented on the company. Lake Street Capital set a $73.00 target price on NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Craig Hallum set a $80.00 price target on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. DA Davidson reaffirmed a “buy” rating and set a $64.00 price target 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 report on Wednesday, July 19th. Finally, Zacks Investment Research lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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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