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%.

ILLEGAL ACTIVITY NOTICE: “Robert F. Bernstock Sells 7,000 Shares of NutriSystem Inc (NTRI) Stock” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/07/robert-f-bernstock-sells-7000-shares-of-nutrisystem-inc-ntri-stock.html.

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.

Insider Buying and Selling by Quarter 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.