Zacks Investment Research lowered shares of Weight Watchers International (NYSE:WTW) from a strong-buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “

Several other equities research analysts also recently weighed in on WTW. ValuEngine raised shares of Weight Watchers International from a hold rating to a buy rating in a research note on Friday, September 1st. Craig Hallum reaffirmed a buy rating and set a $70.00 target price (up from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Weight Watchers International from a strong-buy rating to a buy rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $35.55.

Weight Watchers International (NYSE:WTW) opened at $43.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74. Weight Watchers International has a fifty-two week low of $9.88 and a fifty-two week high of $54.47. The company has a market cap of $2,784.47, a P/E ratio of 28.77, a PEG ratio of 1.83 and a beta of 2.96.

Weight Watchers International (NYSE:WTW) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.51 by $0.14. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The firm had revenue of $323.70 million for the quarter, compared to analyst estimates of $319.40 million. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. research analysts anticipate that Weight Watchers International will post 1.57 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. increased its position in shares of Weight Watchers International by 3,364.2% in the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after purchasing an additional 4,037 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Weight Watchers International in the 1st quarter valued at approximately $210,000. Trexquant Investment LP purchased a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $216,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $226,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Weight Watchers International in the 2nd quarter valued at approximately $234,000. 86.53% of the stock is currently owned by hedge funds and other institutional investors.

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About Weight Watchers International

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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