Weight Watchers International (NYSE:WTW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research firms have also issued reports on WTW. Zacks Investment Research lowered shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $70.00 price objective (up from $50.00) on shares of Weight Watchers International in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.55.

Weight Watchers International (WTW) traded up $0.07 during trading on Thursday, reaching $47.11. 1,092,761 shares of the company traded hands, compared to its average volume of 1,018,376. The stock has a market cap of $3,035.50, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 2.00 and a beta of 2.96. Weight Watchers International has a one year low of $9.88 and a one year high of $54.47. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74.

Weight Watchers International (NYSE:WTW) last released its earnings results on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The firm had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $319.40 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. analysts predict that Weight Watchers International will post 1.57 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Weight Watchers International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock valued at $79,611,000 after buying an additional 13,425 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Weight Watchers International by 29.0% during the 3rd quarter. Macquarie Group Ltd. now owns 870,965 shares of the company’s stock valued at $37,931,000 after buying an additional 195,548 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Weight Watchers International by 122.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock valued at $25,300,000 after buying an additional 320,227 shares in the last quarter. State Street Corp grew its holdings in Weight Watchers International by 8.5% during the 2nd quarter. State Street Corp now owns 541,951 shares of the company’s stock valued at $18,112,000 after buying an additional 42,554 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Weight Watchers International by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 504,438 shares of the company’s stock valued at $16,859,000 after buying an additional 38,990 shares in the last quarter. 86.52% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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