Lake Street Capital set a $73.00 target price on NutriSystem Inc (NASDAQ:NTRI) in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on NTRI. DA Davidson reissued a buy rating and set a $64.00 target price on shares of NutriSystem in a research note on Monday, July 24th. BidaskClub raised shares of NutriSystem from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of NutriSystem from a strong-buy rating to a hold rating in a research note on Wednesday, June 28th. Craig Hallum set a $70.00 target price on shares of NutriSystem and gave the company a buy rating in a research note on Tuesday, July 18th. Finally, Sidoti raised shares of NutriSystem from a neutral rating to a buy rating and set a $60.00 target price for the company in a research note on Monday, June 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. NutriSystem currently has a consensus rating of Buy and an average target price of $64.90.

Shares of NutriSystem (NTRI) traded down 1.42% during mid-day trading on Thursday, reaching $55.65. The company’s stock had a trading volume of 388,807 shares. The firm has a market capitalization of $1.66 billion, a PE ratio of 34.48 and a beta of 1.11. The firm has a 50-day moving average of $53.70 and a 200-day moving average of $48.27. NutriSystem has a 52 week low of $26.90 and a 52 week high of $67.95.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was up 30.1% on a year-over-year basis. Equities research analysts forecast that NutriSystem will post $1.84 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.24%. NutriSystem’s dividend payout ratio is currently 43.48%.

In other news, insider Dawn M. Zier sold 29,910 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $50.65, for a total transaction of $1,514,941.50. Following the transaction, the insider now owns 261,824 shares in the company, valued at approximately $13,261,385.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the transaction, the insider now owns 283,931 shares in the company, valued at approximately $14,966,003.01. The disclosure for this sale can be found here. Insiders have sold a total of 118,654 shares of company stock worth $6,030,384 in the last 90 days. 2.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTRI. State of Alaska Department of Revenue increased its position in NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $183,000 after buying an additional 100 shares in the last quarter. US Bancorp DE increased its position in NutriSystem by 2.2% in the first quarter. US Bancorp DE now owns 5,211 shares of the company’s stock worth $289,000 after buying an additional 110 shares in the last quarter. Creative Planning increased its position in NutriSystem by 5.3% in the second quarter. Creative Planning now owns 3,377 shares of the company’s stock worth $176,000 after buying an additional 171 shares in the last quarter. Texas Permanent School Fund increased its position in NutriSystem by 0.9% in the second quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock worth $1,136,000 after buying an additional 199 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in NutriSystem by 1.6% in the first quarter. Suntrust Banks Inc. now owns 14,320 shares of the company’s stock worth $794,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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