NutriSystem Inc (NASDAQ:NTRI)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a research note issued to investors on Monday. They currently have a $64.00 target price on the stock. DA Davidson’s target price would suggest a potential upside of 4.58% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Sidoti upgraded shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report 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 report on Wednesday, May 10th. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, April 27th. Lake Street Capital reiterated a “buy” rating and set a $64.00 price objective (up from $52.00) on shares of NutriSystem in a report on Thursday, April 27th. Finally, BidaskClub upgraded shares of NutriSystem from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.80.

Shares of NutriSystem (NASDAQ NTRI) traded up 3.38% during trading on Monday, reaching $61.20. 560,620 shares of the company were exchanged. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 45.43 and a beta of 1.11. NutriSystem has a 52-week low of $25.82 and a 52-week high of $61.40. The stock’s 50-day moving average is $52.17 and its 200-day moving average is $47.30.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. The firm had revenue of $212.68 million during the quarter, compared to the consensus estimate of $202.87 million. NutriSystem had a net margin of 6.78% and a return on equity of 44.63%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities research analysts predict that NutriSystem will post $1.69 earnings per share for the current fiscal year.

WARNING: “DA Davidson Reaffirms Buy Rating for NutriSystem Inc (NTRI)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/07/24/da-davidson-reaffirms-buy-rating-for-nutrisystem-inc-ntri.html.

In related news, CFO Michael P. Monahan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $50.56, for a total transaction of $252,800.00. Following the transaction, the chief financial officer now directly owns 40,238 shares in the company, valued at $2,034,433.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction dated 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 owns 283,931 shares in the company, valued at $14,966,003.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,654 shares of company stock worth $6,030,384. 2.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Insight Capital Research & Management Inc. purchased a new position in NutriSystem during the second quarter valued at $997,000. Aperio Group LLC boosted its position in NutriSystem by 8.8% in the second quarter. Aperio Group LLC now owns 9,701 shares of the company’s stock valued at $505,000 after buying an additional 781 shares during the period. OLD National Bancorp IN purchased a new position in NutriSystem during the second quarter valued at $497,000. Meeder Asset Management Inc. purchased a new position in NutriSystem during the second quarter valued at $106,000. Finally, State of Alaska Department of Revenue boosted 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 period. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

Receive News & Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related companies with MarketBeat.com's FREE daily email newsletter.