NutriSystem Inc. (NASDAQ:NTRI) insider Keira Krausz sold 10,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.20, for a total transaction of $512,000.00. Following the completion of the sale, the insider now directly owns 74,519 shares of the company’s stock, valued at approximately $3,815,372.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NutriSystem Inc. (NASDAQ:NTRI) opened at $51.80 on Friday. The stock has a market cap of $1,497.47, a price-to-earnings ratio of 27.24, a PEG ratio of 1.39 and a beta of 1.01. NutriSystem Inc. has a 52-week low of $31.60 and a 52-week high of $67.95.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. research analysts anticipate that NutriSystem Inc. will post 1.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, November 3rd. NutriSystem’s payout ratio is 38.25%.

NutriSystem announced that its board has authorized a share buyback plan on Wednesday, October 25th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

NTRI has been the subject of several recent research reports. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Saturday, October 28th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $67.44.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTRI. Aperio Group LLC grew its holdings in NutriSystem by 8.8% during the 2nd quarter. Aperio Group LLC now owns 9,701 shares of the company’s stock valued at $505,000 after purchasing an additional 781 shares in the last quarter. Strs Ohio grew its holdings in NutriSystem by 3.7% during the 2nd quarter. Strs Ohio now owns 19,400 shares of the company’s stock valued at $1,009,000 after purchasing an additional 700 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in NutriSystem by 3.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 44,055 shares of the company’s stock valued at $2,293,000 after purchasing an additional 1,500 shares in the last quarter. Texas Permanent School Fund grew its holdings in NutriSystem by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock valued at $1,136,000 after purchasing an additional 199 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in NutriSystem during the 2nd quarter valued at $199,000. 92.48% of the stock is owned by institutional investors and hedge funds.

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About NutriSystem

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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