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.

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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.

Insider Buying and Selling by Quarter for NutriSystem (NASDAQ:NTRI)

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