Nutrisystem Receives Average Rating of “Hold” from Brokerages (NASDAQ:NTRI)
Nutrisystem (NASDAQ:NTRI) has been given an average rating of “Hold” by the nine analysts that are currently covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.34.
NTRI has been the subject of a number of recent research reports. Analysts at B. Riley raised their price target on shares of Nutrisystem from $20.00 to $22.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Sidoti upgraded shares of Nutrisystem from a “neutral” rating to a “buy” rating in a research note on Friday, March 7th.
Shares of Nutrisystem (NASDAQ:NTRI) opened at 16.22 on Wednesday. Nutrisystem has a 52 week low of $8.46 and a 52 week high of $20.54. The stock has a 50-day moving average of $15.04 and a 200-day moving average of $16.3. The company has a market cap of $455.2 million and a P/E ratio of 59.53.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $121.45 million. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Nutrisystem will post $0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Investors of record on Monday, May 12th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, May 8th.
Nutrisystem, Inc (NASDAQ:NTRI) is a provider of a weight management system.
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