Weight Watchers International Inc. (WTW) Downgraded to Hold at Vetr Inc.
Weight Watchers International Inc. (NYSE:WTW) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday. They presently have a $10.24 price target on the stock. Vetr‘s target price suggests a potential downside of 0.39% from the company’s previous close.
Separately, Zacks Investment Research raised shares of Weight Watchers International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Weight Watchers International presently has an average rating of “Hold” and a consensus price target of $18.32.
Weight Watchers International (NYSE:WTW) traded down 0.19% during mid-day trading on Wednesday, hitting $10.28. 419,486 shares of the stock traded hands. The company’s 50 day moving average price is $10.39 and its 200-day moving average price is $12.34. The stock has a market cap of $656.50 million, a price-to-earnings ratio of 21.33 and a beta of 3.17. Weight Watchers International has a 1-year low of $6.68 and a 1-year high of $28.05.
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Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The company had revenue of $310 million for the quarter, compared to the consensus estimate of $318.30 million. During the same period in the prior year, the firm posted $0.49 EPS. Weight Watchers International’s revenue for the quarter was up .0% on a year-over-year basis. Analysts predict that Weight Watchers International will post $0.94 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of Weight Watchers International by 926.1% in the second quarter. Acrospire Investment Management LLC now owns 8,753 shares of the company’s stock worth $102,000 after buying an additional 7,900 shares during the last quarter. Alpine Partners VI LLC acquired a new position in shares of Weight Watchers International during the second quarter valued at $122,000. Seven Eight Capital LLC boosted its position in shares of Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock valued at $153,000 after buying an additional 9,537 shares during the period. Finally, Zacks Investment Management boosted its position in shares of Weight Watchers International by 0.4% in the second quarter. Zacks Investment Management now owns 14,565 shares of the company’s stock valued at $169,000 after buying an additional 58 shares during the period. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
Weight Watchers International Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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