NutriSystem Inc (NASDAQ:NTRI) Upgraded to “Strong-Buy” by BidaskClub
NutriSystem Inc (NASDAQ:NTRI) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
Other equities research analysts have also issued research reports about the stock. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Sidoti raised shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, June 12th. Argus lifted their price objective on shares of NutriSystem from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. NutriSystem currently has a consensus rating of “Buy” and an average target price of $55.80.
Shares of NutriSystem (NTRI) traded up 2.88% during mid-day trading on Wednesday, reaching $58.95. The company had a trading volume of 504,344 shares. The stock has a market capitalization of $1.75 billion, a P/E ratio of 43.76 and a beta of 1.11. The company’s 50-day moving average is $51.76 and its 200 day moving average is $47.14. NutriSystem has a 52-week low of $25.80 and a 52-week high of $59.30.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. NutriSystem had a net margin of 6.78% and a return on equity of 44.63%. The business had revenue of $212.68 million during the quarter, compared to analyst estimates of $202.87 million. During the same quarter in the previous year, the business earned $0.13 EPS. NutriSystem’s quarterly revenue was up 31.2% compared to the same quarter last year. Analysts anticipate that NutriSystem will post $1.69 EPS for the current fiscal year.
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In other NutriSystem news, insider Keira Krausz sold 6,043 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $50.68, for a total transaction of $306,259.24. Following the completion of the transaction, the insider now owns 61,556 shares of the company’s stock, valued at approximately $3,119,658.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the transaction, the insider now directly owns 283,931 shares of the company’s stock, valued at approximately $14,966,003.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,654 shares of company stock valued at $6,030,384. Company insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTRI. Aperio Group LLC raised its position in NutriSystem by 8.8% in the second quarter. Aperio Group LLC now owns 9,701 shares of the company’s stock worth $505,000 after buying an additional 781 shares in the last quarter. OLD National Bancorp IN bought a new position in NutriSystem during the second quarter valued at about $497,000. Meeder Asset Management Inc. bought a new position in NutriSystem during the second quarter valued at about $106,000. State of Alaska Department of Revenue increased its position in NutriSystem by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 5,905 shares of the company’s stock valued at $307,000 after buying an additional 2,605 shares during the last quarter. Finally, Creative Planning increased its position in NutriSystem by 5.3% in the second quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after buying an additional 171 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.
NutriSystem Company Profile
Nutrisystem, Inc 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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