Shares of NutriSystem Inc (NASDAQ:NTRI) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $64.90.

Several research firms have recently weighed in on NTRI. DA Davidson reissued a “buy” rating and set a $64.00 price target on shares of NutriSystem in a report on Monday, May 8th. Craig Hallum set a $80.00 price target on NutriSystem and gave the company a “buy” rating in a report on Thursday, July 27th. Sidoti raised NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, June 12th. B. Riley reissued a “buy” rating and set a $74.00 price target on shares of NutriSystem in a report on Friday, July 28th. Finally, BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th.

NutriSystem (NASDAQ:NTRI) traded up 0.95% on Friday, hitting $53.05. The company had a trading volume of 266,735 shares. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The stock has a market capitalization of $1.58 billion, a PE ratio of 32.87 and a beta of 1.13. The stock has a 50 day moving average of $55.23 and a 200-day moving average of $51.02.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts anticipate that NutriSystem will post $1.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 3rd. NutriSystem’s dividend payout ratio (DPR) is presently 43.48%.

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In other NutriSystem news, insider Keira Krausz sold 5,554 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $49.58, for a total transaction of $275,367.32. Following the completion of the transaction, the insider now owns 61,067 shares of the company’s stock, valued at approximately $3,027,701.86. 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 29,910 shares of the stock in a transaction dated 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 directly owns 261,824 shares of the company’s stock, valued at approximately $13,261,385.60. The disclosure for this sale can be found here. Insiders have sold a total of 99,564 shares of company stock valued at $5,198,709 in the last three months. Insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in NutriSystem by 28.2% in the first quarter. First Trust Advisors LP now owns 75,435 shares of the company’s stock valued at $4,187,000 after buying an additional 16,591 shares during the period. Capital One National Association increased its position in NutriSystem by 15.1% in the first quarter. Capital One National Association now owns 84,995 shares of the company’s stock valued at $4,717,000 after buying an additional 11,147 shares during the period. Great West Life Assurance Co. Can increased its position in NutriSystem by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 42,555 shares of the company’s stock valued at $2,359,000 after buying an additional 3,560 shares during the period. Advisory Services Network LLC bought a new position in NutriSystem during the first quarter valued at approximately $341,000. Finally, Essex Investment Management Co. LLC bought a new position in NutriSystem during the first quarter valued at approximately $1,992,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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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