Insider Selling: NutriSystem Inc. (NTRI) Insider Sells 10,000 Shares of Stock
NutriSystem Inc. (NASDAQ:NTRI) insider Keira Krausz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.20, for a total transaction of $512,000.00. Following the completion of the transaction, the insider now directly owns 74,519 shares in the company, valued at $3,815,372.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NutriSystem Inc. (NTRI) traded down $1.05 during mid-day trading on Wednesday, hitting $49.70. 369,100 shares of the stock traded hands, compared to its average volume of 489,652. The stock has a market cap of $1,524.50, a price-to-earnings ratio of 27.73, a PEG ratio of 1.42 and a beta of 1.01. NutriSystem Inc. has a 1 year low of $31.60 and a 1 year high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. equities research analysts predict that NutriSystem Inc. will post 1.95 earnings per share for the current fiscal year.
NutriSystem announced that its board has approved a stock buyback plan on Wednesday, October 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY purchased a new stake in shares of NutriSystem during the 3rd quarter valued at approximately $112,000. Riverhead Capital Management LLC raised its position in shares of NutriSystem by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock valued at $126,000 after buying an additional 931 shares during the period. Ameritas Investment Partners Inc. increased its holdings in NutriSystem by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock valued at $136,000 after purchasing an additional 257 shares during the last quarter. Victory Capital Management Inc. increased its holdings in NutriSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock valued at $138,000 after purchasing an additional 397 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in NutriSystem in the 2nd quarter valued at approximately $199,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.
NTRI has been the topic of a number of research reports. BidaskClub lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. B. Riley set a $74.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.44.
WARNING: This article was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/13/insider-selling-nutrisystem-inc-ntri-insider-sells-10000-shares-of-stock.html.
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.
Receive News & Ratings for NutriSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem and related companies with MarketBeat.com's FREE daily email newsletter.