NutriSystem Inc (NTRI) Lowered to “Hold” at BidaskClub
NutriSystem Inc (NASDAQ:NTRI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Several other research firms have also commented on NTRI. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Craig Hallum set a $80.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. DA Davidson reissued a “buy” rating and set a $64.00 target price on shares of NutriSystem in a research note on Monday, July 24th. Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Monday, July 31st. Finally, Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Saturday, July 29th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. NutriSystem presently has a consensus rating of “Buy” and a consensus target price of $64.90.
NutriSystem (NASDAQ NTRI) traded down 0.94% during midday trading on Friday, hitting $52.75. The stock had a trading volume of 635,702 shares. The firm has a market cap of $1.57 billion, a P/E ratio of 32.68 and a beta of 1.13. The stock has a 50-day moving average price of $55.23 and a 200 day moving average price of $51.02. NutriSystem has a 12-month low of $26.90 and a 12-month high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts anticipate that NutriSystem will post $1.91 earnings per share for the current fiscal year.
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In other NutriSystem news, insider Keira Krausz sold 5,554 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $49.58, for a total value of $275,367.32. Following the transaction, the insider now owns 61,067 shares in the company, valued at approximately $3,027,701.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dawn M. Zier sold 29,910 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $50.65, for a total transaction of $1,514,941.50. Following the completion of the transaction, the insider now owns 261,824 shares in the company, valued at approximately $13,261,385.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,564 shares of company stock valued at $5,198,709. 2.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank bought a new position in NutriSystem during the first quarter valued at $104,000. Endurance Wealth Management Inc. bought a new position in NutriSystem during the first quarter valued at $111,000. FNY Partners Fund LP bought a new position in NutriSystem during the first quarter valued at $111,000. Meeder Asset Management Inc. bought a new position in NutriSystem during the second quarter valued at $106,000. Finally, Ameritas Investment Partners Inc. bought a new position in NutriSystem during the first quarter valued at $130,000. Hedge funds and other institutional investors own 97.18% 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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