NutriSystem Inc (NTRI) Receives Average Recommendation of “Buy” from Brokerages
Shares of NutriSystem Inc (NASDAQ:NTRI) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.11.
A number of equities analysts have recently commented on NTRI shares. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price target (up from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Sidoti raised NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, June 12th. B. Riley reissued a “buy” rating and set a $74.00 price objective on shares of NutriSystem in a research note on Friday, July 28th. Craig Hallum set a $80.00 price objective on NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Lake Street Capital set a $73.00 price objective on NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th.
In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of NutriSystem stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total transaction of $1,571,400.00. Following the completion of the sale, the insider now owns 273,867 shares of the company’s stock, valued at $14,788,818. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of NutriSystem stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total value of $1,581,300.00. Following the sale, the insider now directly owns 283,931 shares of the company’s stock, valued at approximately $14,966,003.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,221 shares of company stock valued at $5,633,245. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in NutriSystem by 114,552.3% during the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after purchasing an additional 3,551,122 shares during the last quarter. Renaissance Technologies LLC lifted its stake in NutriSystem by 1.2% during the first quarter. Renaissance Technologies LLC now owns 2,487,900 shares of the company’s stock worth $138,078,000 after purchasing an additional 30,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after purchasing an additional 823,221 shares during the last quarter. Prudential Financial Inc. lifted its stake in NutriSystem by 73.7% during the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after purchasing an additional 552,420 shares during the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake 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 worth $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 (NTRI) traded up 1.44% during mid-day trading on Wednesday, hitting $52.75. The stock had a trading volume of 83,513 shares. The firm’s 50-day moving average is $53.23 and its 200 day moving average is $52.80. NutriSystem has a 12 month low of $28.72 and a 12 month high of $67.95. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 32.68 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts anticipate that NutriSystem will post $1.91 EPS for the current fiscal year.
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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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