Insider Selling: NutriSystem Inc. (NTRI) CFO Sells 10,000 Shares of Stock
NutriSystem Inc. (NASDAQ:NTRI) CFO Michael P. Monahan sold 10,000 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $49.60, for a total value of $496,000.00. Following the transaction, the chief financial officer now owns 46,660 shares in the company, valued at $2,314,336. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NutriSystem Inc. (NTRI) opened at $49.65 on Friday. The stock has a market capitalization of $1,490.00, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. NutriSystem Inc. has a twelve month low of $31.60 and a twelve month high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The firm had revenue of $158.10 million for the quarter, compared to analysts’ expectations of $155.21 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. equities analysts forecast that NutriSystem Inc. will post 1.95 EPS for the current year.
NutriSystem declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Large investors have recently modified their holdings of the company. Cypress Capital Management LLC WY acquired a new position in shares of NutriSystem during the third quarter worth approximately $112,000. Riverhead Capital Management LLC raised its position in shares of NutriSystem by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after purchasing an additional 931 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of NutriSystem by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after purchasing an additional 257 shares during the period. Victory Capital Management Inc. raised its position in shares of NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after purchasing an additional 397 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of NutriSystem during the second quarter worth approximately $199,000. 92.48% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on NTRI. Lake Street Capital set a $73.00 price target on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. DA Davidson restated a “buy” rating and set a $80.00 price target on shares of NutriSystem in a report on Friday, December 22nd. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Saturday, October 28th. Finally, B. Riley set a $74.00 price target on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.56.
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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