NutriSystem (NASDAQ:NTRI)‘s stock had its “hold” rating reissued by analysts at Barrington Research in a research note issued to investors on Thursday.

The analysts wrote, “We are maintaining our MARKET PERFORM investment rating, as the company focuses on rebuilding growth in the core NTRI brand. Company Description Nutrisystem, Inc. engages in the provision of weight management products and services. It offers weight loss programs sold primarily online and over the telephone and multi-day kits and single items available at select retail locations. It also provides pre- packaged food program, digital tools, and counseling. The company was founded in 1971 and is headquartered in Fort Washington, PA.””

Several other brokerages also recently weighed in on NTRI. Lake Street Capital set a $48.00 price target on NutriSystem and gave the stock a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, June 21st. BidaskClub downgraded NutriSystem from a “sell” rating to a “strong sell” rating in a report on Thursday, April 19th. ValuEngine downgraded NutriSystem from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, DA Davidson upped their price objective on NutriSystem from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. NutriSystem has an average rating of “Buy” and an average target price of $49.43.

Shares of NutriSystem opened at $40.00 on Thursday, according to Marketbeat.com. NutriSystem has a 1-year low of $26.06 and a 1-year high of $67.95. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.10 and a beta of 1.32.

NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings results on Monday, April 30th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. NutriSystem had a return on equity of 42.69% and a net margin of 7.65%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $206.85 million. During the same quarter in the prior year, the business earned $0.25 EPS. NutriSystem’s revenue was down 1.0% on a year-over-year basis. equities analysts expect that NutriSystem will post 2.09 earnings per share for the current year.

In other news, Director Jay Herratti sold 1,930 shares of the company’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $40.00, for a total transaction of $77,200.00. Following the completion of the transaction, the director now directly owns 21,504 shares of the company’s stock, valued at approximately $860,160. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael P. Monahan sold 20,000 shares of the company’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $40.03, for a total value of $800,600.00. Following the transaction, the chief financial officer now directly owns 72,513 shares of the company’s stock, valued at $2,902,695.39. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of NutriSystem by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock valued at $6,749,000 after purchasing an additional 2,095 shares during the period. Swiss National Bank boosted its position in shares of NutriSystem by 4.8% in the 1st quarter. Swiss National Bank now owns 52,400 shares of the company’s stock valued at $1,412,000 after purchasing an additional 2,400 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of NutriSystem by 21.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,720 shares of the company’s stock valued at $721,000 after purchasing an additional 3,270 shares during the period. Advisors Preferred LLC boosted its position in shares of NutriSystem by 1,160.4% in the 1st quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock valued at $107,000 after purchasing an additional 3,667 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of NutriSystem by 15.1% in the 2nd quarter. Ballentine Partners LLC now owns 31,399 shares of the company’s stock valued at $1,209,000 after purchasing an additional 4,114 shares during the period.

About NutriSystem

Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.

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Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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