Insider Buying: NutriSystem CFO Buys 1,000 Shares of Stock (NTRI)
NutriSystem (NASDAQ:NTRI) CFO Michael P. Monahan bought 1,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were purchased at an average price of $15.75 per share, with a total value of $15,750.00. Following the completion of the transaction, the chief financial officer now directly owns 31,153 shares in the company, valued at approximately $490,660. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NutriSystem (NASDAQ:NTRI) opened at 15.43 on Wednesday. NutriSystem has a 1-year low of $12.16 and a 1-year high of $20.54. The stock has a 50-day moving average of $17.26 and a 200-day moving average of $15.87. The company has a market cap of $435.2 million and a P/E ratio of 42.90.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.04. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $110.52 million. During the same quarter last year, the company posted $0.22 earnings per share. NutriSystem’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that NutriSystem will post $0.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Wednesday, August 6th.
A number of analysts have recently weighed in on NTRI shares. Analysts at B. Riley reiterated a “focus list” rating on shares of NutriSystem in a research note on Monday, July 28th. Separately, analysts at Wedbush raised their price target on shares of NutriSystem from $16.00 to $17.00 in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of NutriSystem in a research note on Monday, June 16th. They set an “outperform” rating and a $16.71 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.73.
Nutrisystem, Inc (NASDAQ:NTRI) is a provider of a weight management system.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.