NutriSystem Inc (NTRI) Stock Rating Lowered by Zacks Investment Research
NutriSystem Inc (NASDAQ:NTRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
Other research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $74.00 target price on shares of NutriSystem in a research report on Friday, July 28th. Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $79.00 target price (up previously from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded shares of NutriSystem from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.11.
NutriSystem (NASDAQ NTRI) traded down 0.35% during midday trading on Tuesday, hitting $56.65. 61,672 shares of the company traded hands. The stock’s 50-day moving average is $53.55 and its 200-day moving average is $53.15. The firm has a market capitalization of $1.69 billion, a PE ratio of 35.10 and a beta of 1.15. NutriSystem has a 12-month low of $29.35 and a 12-month high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The business 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 revenue for the quarter 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. Analysts anticipate that NutriSystem will post $1.91 EPS for the current fiscal year.
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In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the completion of the sale, the insider now owns 273,867 shares in the company, valued at $14,788,818. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $55.03, for a total transaction of $623,765.05. Following the completion of the sale, the chief financial officer now owns 55,933 shares of the company’s stock, valued at approximately $3,077,992.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,556 shares of company stock valued at $6,257,010. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Navellier & Associates Inc lifted its stake in NutriSystem by 296.2% in the second quarter. Navellier & Associates Inc now owns 24,848 shares of the company’s stock valued at $1,293,000 after acquiring an additional 18,576 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in NutriSystem in the second quarter valued at $414,000. Koch Industries Inc. acquired a new stake in NutriSystem in the second quarter valued at $233,000. Verition Fund Management LLC acquired a new stake in NutriSystem in the second quarter valued at $283,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in NutriSystem in the second quarter valued at $337,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.
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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