NutriSystem Inc. (NASDAQ:NTRI) has received an average recommendation of “Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.88.
A number of brokerages recently issued reports on NTRI. Citigroup cut their price objective on NutriSystem from $67.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, March 5th. B. Riley set a $52.00 price objective on NutriSystem and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Barrington Research downgraded NutriSystem from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Lake Street Capital reissued a “buy” rating and set a $48.00 price objective (down from $73.00) on shares of NutriSystem in a research report on Tuesday, February 27th. Finally, Craig Hallum cut their price objective on NutriSystem from $80.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th.
Shares of NutriSystem (NASDAQ:NTRI) opened at $31.50 on Wednesday. NutriSystem has a 52 week low of $28.50 and a 52 week high of $67.95. The stock has a market capitalization of $971.19, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Thursday, March 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. This is a boost from NutriSystem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, March 7th. NutriSystem’s dividend payout ratio (DPR) is 52.63%.
In other news, insider Dawn M. Zier sold 11,000 shares of NutriSystem stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $49.94, for a total value of $549,340.00. Following the completion of the transaction, the insider now owns 210,666 shares in the company, valued at approximately $10,520,660.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dawn M. Zier sold 30,006 shares of NutriSystem stock in a transaction dated Friday, January 12th. The shares were 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 approximately $11,763,145.24. The disclosure for this sale can be found here. Insiders sold a total of 86,831 shares of company stock valued at $4,115,659 in the last quarter. Company 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. MetLife Investment Advisors LLC purchased a new position in shares of NutriSystem in the 4th quarter valued at about $750,000. Gotham Asset Management LLC boosted its stake in shares of NutriSystem by 17.3% in the 4th quarter. Gotham Asset Management LLC now owns 319,747 shares of the company’s stock valued at $16,819,000 after buying an additional 47,073 shares during the period. Park West Asset Management LLC boosted its stake in shares of NutriSystem by 207.4% in the 4th quarter. Park West Asset Management LLC now owns 415,000 shares of the company’s stock valued at $21,829,000 after buying an additional 280,000 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of NutriSystem by 31.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the company’s stock valued at $776,000 after buying an additional 3,530 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of NutriSystem by 2.7% in the 4th quarter. Teachers Advisors LLC now owns 462,679 shares of the company’s stock valued at $24,337,000 after buying an additional 12,322 shares during the period.
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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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