DA Davidson Reaffirms Buy Rating for NutriSystem Inc (NTRI)
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.
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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.
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