NutriSystem Inc (NTRI) Insider Sells $1,574,424.67 in Stock
NutriSystem Inc (NASDAQ:NTRI) insider Dawn M. Zier sold 30,121 shares of NutriSystem stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total transaction of $1,574,424.67. Following the sale, the insider now directly owns 214,646 shares of the company’s stock, valued at $11,219,546.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NutriSystem Inc (NASDAQ:NTRI) traded down 0.10% during midday trading on Thursday, reaching $51.40. 327,496 shares of the company were exchanged. NutriSystem Inc has a 52-week low of $26.90 and a 52-week high of $67.95. The stock’s 50-day moving average price is $53.61 and its 200-day moving average price is $52.59. The company has a market capitalization of $1.53 billion, a PE ratio of 31.85 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The company had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Analysts anticipate that NutriSystem Inc will post $1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, August 3rd. NutriSystem’s dividend payout ratio is currently 43.48%.
Hedge funds have recently made changes to their positions in the business. Mason Street Advisors LLC grew its holdings in NutriSystem by 8.9% during the 1st quarter. Mason Street Advisors LLC now owns 6,987 shares of the company’s stock worth $388,000 after acquiring an additional 570 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of NutriSystem by 73.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after buying an additional 552,420 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of NutriSystem in the 1st quarter worth about $240,000. Marshall Wace North America L.P. bought a new position in shares of NutriSystem in the 2nd quarter worth about $1,823,000. Finally, Oxford Asset Management bought a new position in shares of NutriSystem in the 1st quarter worth about $2,258,000. 92.59% of the stock is owned by institutional investors.
Several research firms have recently issued reports on NTRI. B. Riley reaffirmed a “buy” rating and set a $74.00 price objective on shares of NutriSystem in a research report on Friday, July 28th. BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. DA Davidson reaffirmed a “buy” rating and set a $79.00 price objective (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Zacks Investment Research cut shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.11.
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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