Zacks Investment Research Downgrades Weight Watchers International Inc (WTW) to Hold
Weight Watchers International Inc (NYSE:WTW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Several other brokerages have also recently commented on WTW. BidaskClub upgraded shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. ValuEngine cut shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.44.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. The company had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $329.55 million. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
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Several hedge funds have recently made changes to their positions in WTW. Invictus RG acquired a new position in shares of Weight Watchers International in the 1st quarter valued at $158,000. Karp Capital Management Corp acquired a new position in shares of Weight Watchers International in the 1st quarter valued at $174,000. UBS Asset Management Americas Inc. acquired a new position in shares of Weight Watchers International in the 1st quarter valued at $210,000. SG Americas Securities LLC acquired a new position in shares of Weight Watchers International in the 2nd quarter valued at $234,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Weight Watchers International by 123.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock valued at $238,000 after buying an additional 3,936 shares during the period. 88.24% of the stock is owned by institutional investors.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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