NutriSystem Inc. (NTRI) Expected to Post Quarterly Sales of $129.22 Million

Equities research analysts expect NutriSystem Inc. (NASDAQ:NTRI) to announce sales of $129.22 million for the current quarter, Zacks reports. Three analysts have provided estimates for NutriSystem’s earnings, with the lowest sales estimate coming in at $128.00 million and the highest estimate coming in at $131.10 million. NutriSystem reported sales of $108.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.6%. The firm is scheduled to announce its next earnings results after the market closes on Monday, February 26th.

According to Zacks, analysts expect that NutriSystem will report full year sales of $129.22 million for the current fiscal year, with estimates ranging from $693.70 million to $696.80 million. For the next financial year, analysts anticipate that the business will report sales of $797.72 million per share, with estimates ranging from $794.70 million to $803.50 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for NutriSystem.

NTRI has been the subject of a number of recent research reports. B. Riley set a $74.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. DA Davidson reissued a “buy” rating and issued a $80.00 target price on shares of NutriSystem in a research report on Friday, December 22nd. Finally, Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $67.56.

NutriSystem (NASDAQ NTRI) opened at $42.15 on Thursday. NutriSystem has a 52-week low of $34.40 and a 52-week high of $67.95. The company has a market cap of $1,248.14, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72.

NutriSystem declared that its board has approved a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $52.36, for a total value of $1,571,114.16. Following the completion of the transaction, the chief executive officer now owns 224,659 shares of the company’s stock, valued at $11,763,145.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 30,825 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.37, for a total value of $1,244,405.25. Following the completion of the transaction, the insider now directly owns 221,013 shares of the company’s stock, valued at approximately $8,922,294.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,831 shares of company stock valued at $4,627,659. 2.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Cypress Capital Management LLC WY acquired a new position in NutriSystem in the third quarter valued at about $112,000. Ameritas Investment Partners Inc. raised its stake in NutriSystem by 10.9% in the second 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 in the last quarter. Polen Capital Management LLC acquired a new position in NutriSystem in the fourth quarter valued at about $249,000. Parametrica Management Ltd acquired a new position in NutriSystem during the third quarter worth about $269,000. Finally, Ashford Capital Management Inc. acquired a new position in NutriSystem during the third quarter worth about $280,000.

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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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