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.

TRADEMARK VIOLATION NOTICE: “NutriSystem Inc (NTRI) Stock Rating Lowered by Zacks Investment Research” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/05/nutrisystem-inc-ntri-stock-rating-lowered-by-zacks-investment-research.html.

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.

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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.