Nutrisystem Inc. (NTRI) Given Average Rating of “Buy” by Analysts
Nutrisystem Inc. (NASDAQ:NTRI) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $33.25.
NTRI has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Nutrisystem in a report on Monday, September 12th. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Saturday, July 30th. Citigroup Inc. lifted their price objective on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. Finally, Barrington Research restated an “outperform” rating on shares of Nutrisystem in a research note on Sunday, July 31st.
Nutrisystem (NASDAQ:NTRI) traded down 0.578% on Thursday, hitting $30.125. The stock had a trading volume of 40,674 shares. Nutrisystem has a 1-year low of $17.25 and a 1-year high of $30.80. The company has a 50-day moving average price of $29.05 and a 200-day moving average price of $26.21. The stock has a market capitalization of $881.88 million, a price-to-earnings ratio of 29.797 and a beta of 0.76.
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Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The company earned $149.80 million during the quarter, compared to analyst estimates of $148.77 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts predict that Nutrisystem will post $1.11 earnings per share for the current year.
In other news, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total transaction of $204,750.00. Following the completion of the sale, the director now owns 40,620 shares in the company, valued at approximately $1,188,135. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Keira Krausz sold 20,000 shares of Nutrisystem stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $26.26, for a total value of $525,200.00. Following the sale, the chief marketing officer now owns 92,362 shares of the company’s stock, valued at approximately $2,425,426.12. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of NTRI. Emerald Advisers Inc. PA increased its stake in shares of Nutrisystem by 150.8% in the second quarter. Emerald Advisers Inc. PA now owns 942,255 shares of the company’s stock worth $23,896,000 after buying an additional 566,608 shares during the period. SG Capital Management LLC acquired a new stake in shares of Nutrisystem during the second quarter worth about $13,430,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Nutrisystem during the second quarter worth about $12,916,000. Teachers Advisors Inc. increased its stake in shares of Nutrisystem by 358.1% in the second quarter. Teachers Advisors Inc. now owns 325,152 shares of the company’s stock worth $8,246,000 after buying an additional 254,181 shares during the period. Finally, Elk Creek Partners LLC increased its stake in shares of Nutrisystem by 62.9% in the second quarter. Elk Creek Partners LLC now owns 364,382 shares of the company’s stock worth $4,689,000 after buying an additional 140,637 shares during the period. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Nutrisystem, Inc (Nutrisystem) is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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