Robert F. Bernstock Sells 7,000 Shares of NutriSystem Inc (NTRI) Stock
NutriSystem Inc (NASDAQ:NTRI) Director Robert F. Bernstock sold 7,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the transaction, the director now owns 25,350 shares in the company, valued at $1,350,141. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NutriSystem Inc (NASDAQ NTRI) traded down 0.67% during trading on Thursday, hitting $51.95. The stock had a trading volume of 318,596 shares. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 32.19 and a beta of 1.15. The firm’s 50 day moving average is $55.04 and its 200 day moving average is $52.18. NutriSystem Inc has a 1-year low of $26.90 and a 1-year high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, analysts anticipate that NutriSystem Inc will post $1.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.35%. NutriSystem’s payout ratio is 43.48%.
NTRI has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $79.00 target price (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a research report on Tuesday, July 18th. B. Riley reiterated a “buy” rating and set a $74.00 target price on shares of NutriSystem in a research report on Friday, July 28th. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, June 12th. 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. The stock presently has an average rating of “Buy” and an average target price of $64.90.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in NutriSystem by 114,552.3% during the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock valued at $197,259,000 after purchasing an additional 3,551,122 shares during the last quarter. Renaissance Technologies LLC boosted its position in NutriSystem by 1.2% during the first quarter. Renaissance Technologies LLC now owns 2,487,900 shares of the company’s stock valued at $138,078,000 after purchasing an additional 30,000 shares during the last quarter. Vanguard Group Inc. boosted its position in NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after purchasing an additional 823,221 shares during the last quarter. Prudential Financial Inc. boosted its position in NutriSystem by 73.7% during the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock valued at $67,794,000 after purchasing an additional 552,420 shares during the last quarter. Finally, Copper Rock Capital Partners LLC boosted its position in NutriSystem by 74.5% during the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock valued at $43,088,000 after purchasing an additional 530,805 shares during the last quarter. 92.59% 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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