NutriSystem Inc. (NTRI) Director Andrea Weiss Sells 4,065 Shares of Stock
NutriSystem Inc. (NASDAQ:NTRI) Director Andrea Weiss sold 4,065 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $52.25, for a total value of $212,396.25. Following the transaction, the director now directly owns 20,424 shares in the company, valued at approximately $1,067,154. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NutriSystem Inc. (NASDAQ:NTRI) traded down 0.37% during trading on Monday, hitting $53.60. The company’s stock had a trading volume of 393,068 shares. The company has a market cap of $1.58 billion, a PE ratio of 45.04 and a beta of 0.97. The firm’s 50 day moving average price is $40.72 and its 200-day moving average price is $34.82. NutriSystem Inc. has a 52 week low of $18.76 and a 52 week high of $54.60.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Monday, February 27th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $100.20 million. NutriSystem had a net margin of 5.78% and a return on equity of 43.89%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. On average, analysts predict that NutriSystem Inc. will post $1.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Thursday, March 9th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.70 annualized dividend and a dividend yield of 1.30%. NutriSystem’s payout ratio is 67.96%.
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Several institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in NutriSystem by 0.8% in the third quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the company’s stock valued at $386,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of NutriSystem by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,460 shares of the company’s stock worth $192,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in shares of NutriSystem by 1.3% in the third quarter. Arizona State Retirement System now owns 15,317 shares of the company’s stock worth $455,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund raised its position in shares of NutriSystem by 1.0% in the third quarter. Texas Permanent School Fund now owns 22,496 shares of the company’s stock worth $668,000 after buying an additional 220 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its position in shares of NutriSystem by 3.3% in the fourth quarter. A.R.T. Advisors LLC now owns 9,500 shares of the company’s stock worth $329,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.
Several equities analysts have issued reports on NTRI shares. B. Riley reaffirmed a “buy” rating and set a $43.00 price objective on shares of NutriSystem in a report on Monday, December 19th. Lake Street Capital raised their price objective on NutriSystem from $41.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Craig Hallum set a $40.00 price objective on NutriSystem and gave the stock a “buy” rating in a report on Friday, January 27th. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, March 2nd. Finally, Wunderlich reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $37.00) on shares of NutriSystem in a report on Tuesday, February 28th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.67.
Nutrisystem, Inc (Nutrisystem) 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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