Brokerages expect NutriSystem Inc. (NASDAQ:NTRI) to report sales of $129.22 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for NutriSystem’s earnings, with estimates ranging from $128.00 million to $131.10 million. NutriSystem posted sales of $108.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The business is expected to issue its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that NutriSystem will report full year sales of $129.22 million for the current year, with estimates ranging from $693.70 million to $696.80 million. For the next financial year, analysts expect that the company will post sales of $797.72 million per share, with estimates ranging from $794.70 million to $803.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover NutriSystem.
NTRI has been the subject of a number of recent research reports. Zacks Investment Research downgraded 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 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. DA Davidson reissued a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a research note on Friday, December 22nd. Finally, BidaskClub downgraded shares of NutriSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.56.
NutriSystem declared that its board has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, insider Keira Krausz sold 10,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $51.20, for a total transaction of $512,000.00. Following the sale, the insider now directly owns 74,519 shares of the company’s stock, valued at $3,815,372.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $52.36, for a total transaction of $1,571,114.16. Following the sale, the chief executive officer now directly owns 224,659 shares in the company, valued at $11,763,145.24. The disclosure for this sale can be found here. Insiders sold 66,006 shares of company stock worth $3,383,254 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of NutriSystem during the fourth quarter valued at $337,000. Boston Advisors LLC grew its holdings in shares of NutriSystem by 18.5% during the fourth quarter. Boston Advisors LLC now owns 130,651 shares of the company’s stock valued at $6,872,000 after buying an additional 20,405 shares during the last quarter. Copper Rock Capital Partners LLC grew its holdings in shares of NutriSystem by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 493,793 shares of the company’s stock valued at $26,048,000 after buying an additional 17,111 shares during the last quarter. Atlantic Trust Group LLC purchased a new stake in shares of NutriSystem during the third quarter valued at $1,151,000. Finally, GSA Capital Partners LLP grew its holdings in shares of NutriSystem by 51.9% during the third quarter. GSA Capital Partners LLP now owns 96,031 shares of the company’s stock valued at $5,368,000 after buying an additional 32,825 shares during the last quarter.
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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.
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