Zacks Investment Research Lowers Weight Watchers International (WTW) to Hold

Weight Watchers International (NYSE:WTW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

WTW has been the subject of several other research reports. BidaskClub cut Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $70.00 price target (up from $50.00) on shares of Weight Watchers International in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.55.

Shares of Weight Watchers International (NYSE WTW) traded up $1.12 on Friday, hitting $44.07. 803,483 shares of the stock traded hands, compared to its average volume of 1,570,773. The company has a debt-to-equity ratio of -1.74, a current ratio of 0.96 and a quick ratio of 0.88. Weight Watchers International has a 52 week low of $9.88 and a 52 week high of $54.47. The company has a market capitalization of $2,840.00, a price-to-earnings ratio of 28.72, a PEG ratio of 1.79 and a beta of 2.99.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.14. The business had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $319.40 million. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. sell-side analysts expect that Weight Watchers International will post 1.6 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of WTW. Macquarie Group Ltd. purchased a new stake in Weight Watchers International in the 2nd quarter valued at approximately $22,572,000. PDT Partners LLC bought a new position in shares of Weight Watchers International in the second quarter valued at about $16,546,000. Dimensional Fund Advisors LP raised its position in shares of Weight Watchers International by 122.8% in the third quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock valued at $25,300,000 after purchasing an additional 320,227 shares during the period. Sanctuary Wealth Advisors LLC bought a new position in shares of Weight Watchers International in the second quarter valued at about $4,335,000. Finally, Vanguard Group Inc. boosted its position in Weight Watchers International by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,368,696 shares of the company’s stock worth $36,881,000 after buying an additional 111,648 shares during the period. 86.53% of the stock is currently owned by institutional investors.

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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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