NutriSystem Inc (NTRI) Position Raised by Strs Ohio
Strs Ohio raised its stake in shares of NutriSystem Inc (NASDAQ:NTRI) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,400 shares of the company’s stock after buying an additional 700 shares during the period. Strs Ohio’s holdings in NutriSystem were worth $1,009,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in NTRI. Teachers Advisors LLC boosted its stake in NutriSystem by 26.2% in the fourth quarter. Teachers Advisors LLC now owns 447,607 shares of the company’s stock valued at $15,510,000 after buying an additional 92,850 shares during the period. Louisiana State Employees Retirement System boosted its stake in NutriSystem by 3.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock valued at $677,000 after buying an additional 400 shares during the period. Huntington National Bank acquired a new stake in NutriSystem during the first quarter valued at approximately $104,000. State of Alaska Department of Revenue boosted its stake 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 valued at $183,000 after buying an additional 100 shares during the period. Finally, Navellier & Associates Inc acquired a new stake in NutriSystem during the first quarter valued at approximately $348,000. 97.18% of the stock is currently owned by institutional investors.
NutriSystem Inc (NTRI) opened at 52.95 on Wednesday. NutriSystem Inc has a 12-month low of $26.90 and a 12-month high of $67.95. The firm has a 50-day moving average price of $54.79 and a 200-day moving average price of $50.05. The company has a market cap of $1.58 billion, a P/E ratio of 32.81 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results 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. The business had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. On average, analysts forecast that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 1.32%. NutriSystem’s payout ratio is presently 43.48%.
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NTRI has been the topic of several recent analyst reports. Wunderlich cut NutriSystem from a “buy” rating to a “hold” rating and increased their price objective for the company from $52.00 to $60.00 in a research report on Thursday, April 27th. Lake Street Capital reissued a “buy” rating and issued a $64.00 target price (up previously from $52.00) on shares of NutriSystem in a report on Thursday, April 27th. Craig Hallum set a $70.00 target price on NutriSystem and gave the company a “buy” rating in a report on Thursday, April 27th. DA Davidson reissued a “buy” rating and issued a $64.00 target price on shares of NutriSystem in a report on Monday, May 8th. Finally, Argus increased their target price on NutriSystem from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NutriSystem currently has a consensus rating of “Buy” and a consensus price target of $64.90.
In other NutriSystem news, CFO Michael P. Monahan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total transaction of $250,150.00. Following the sale, the chief financial officer now owns 37,743 shares in the company, valued at approximately $1,888,282.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 29,910 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $50.65, for a total value of $1,514,941.50. Following the sale, the insider now owns 261,824 shares in the company, valued at approximately $13,261,385.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,564 shares of company stock worth $5,448,859. Company insiders own 2.40% 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.
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