NutriSystem Inc (NTRI) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of NutriSystem Inc (NASDAQ:NTRI) from a buy rating to a hold rating in a report issued on Tuesday.
According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
NTRI has been the topic of several other reports. Craig Hallum set a $80.00 price objective on shares of NutriSystem and gave the company a buy rating in a report on Thursday, July 27th. Sidoti upgraded shares of NutriSystem from a neutral rating to a buy rating and set a $60.00 price objective on the stock in a report on Monday, June 12th. B. Riley restated a buy rating and issued a $74.00 price objective on shares of NutriSystem in a report on Friday, July 28th. BidaskClub upgraded shares of NutriSystem from a hold rating to a buy rating in a report on Saturday, June 24th. Finally, DA Davidson restated a buy rating and issued a $64.00 price objective on shares of NutriSystem in a report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. NutriSystem currently has a consensus rating of Buy and an average target price of $68.11.
NutriSystem (NASDAQ:NTRI) opened at 56.70 on Tuesday. NutriSystem has a 52-week low of $29.35 and a 52-week high of $67.95. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 35.13 and a beta of 1.15. The firm has a 50-day moving average of $53.67 and a 200 day moving average of $53.19.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. During the same period in the prior year, the business posted $0.54 earnings per share. NutriSystem’s revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts forecast that NutriSystem will post $1.91 earnings per share for the current year.
In other NutriSystem news, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $55.03, for a total value of $623,765.05. Following the sale, the chief financial officer now directly owns 55,933 shares in the company, valued at $3,077,992.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael P. Monahan sold 10,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $53.33, for a total transaction of $533,300.00. Following the completion of the sale, the chief financial officer now owns 59,598 shares in the company, valued at $3,178,361.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,556 shares of company stock worth $6,257,010. Company insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Navellier & Associates Inc raised its holdings in NutriSystem by 296.2% in the second quarter. Navellier & Associates Inc now owns 24,848 shares of the company’s stock worth $1,293,000 after purchasing an additional 18,576 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of NutriSystem during the second quarter worth $414,000. Koch Industries Inc. bought a new stake in shares of NutriSystem during the second quarter worth $233,000. Verition Fund Management LLC bought a new stake in shares of NutriSystem during the second quarter worth $283,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of NutriSystem during the second quarter worth $337,000. Institutional investors own 92.59% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.