Craig Hallum Reaffirms “Buy” Rating for Weight Watchers International (WTW)

Weight Watchers International (NYSE:WTW)‘s stock had its “buy” rating reiterated by research analysts at Craig Hallum in a research note issued to investors on Wednesday, The Fly reports. They presently have a $80.00 price target on the stock, up from their previous price target of $70.00. Craig Hallum’s price target would suggest a potential upside of 10.25% from the company’s previous close.

WTW has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, November 21st. B. Riley set a $65.00 price objective on shares of Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, ValuEngine downgraded shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued 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 price target of $53.75.

Shares of Weight Watchers International (NYSE WTW) traded up $9.51 during mid-day trading on Wednesday, reaching $72.57. 2,808,114 shares of the company’s stock were exchanged, compared to its average volume of 1,995,168. The company has a debt-to-equity ratio of -1.74, a current ratio of 0.96 and a quick ratio of 0.88. The company has a market cap of $4,060.00, a P/E ratio of 43.19, a P/E/G ratio of 2.52 and a beta of 3.35. Weight Watchers International has a twelve month low of $12.05 and a twelve month high of $73.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Weight Watchers International by 256.8% during the second quarter. Royal Bank of Canada now owns 35,485 shares of the company’s stock valued at $1,186,000 after purchasing an additional 25,539 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Weight Watchers International during the second quarter valued at approximately $22,572,000. 361 Capital LLC bought a new position in shares of Weight Watchers International during the third quarter valued at approximately $2,155,000. Alliancebernstein L.P. boosted its stake in shares of Weight Watchers International by 163.2% during the second quarter. Alliancebernstein L.P. now owns 59,000 shares of the company’s stock valued at $1,972,000 after purchasing an additional 36,580 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Weight Watchers International during the third quarter valued at approximately $2,746,000. Hedge funds and other institutional investors own 86.11% of the company’s stock.

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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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