NutriSystem Inc (NTRI) Stake Lessened by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its stake in shares of NutriSystem Inc (NASDAQ:NTRI) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,079 shares of the company’s stock after selling 1,498 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NutriSystem were worth $396,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NTRI. BlackRock Inc. increased its holdings in shares of NutriSystem by 114,552.3% during the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock valued at $197,259,000 after acquiring an additional 3,551,122 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after acquiring an additional 823,221 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of NutriSystem by 73.7% during the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock valued at $67,794,000 after acquiring an additional 552,420 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of NutriSystem by 102.5% during the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock valued at $51,518,000 after acquiring an additional 500,907 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of NutriSystem during the second quarter valued at about $13,190,000. Hedge funds and other institutional investors own 92.48% of the company’s stock.
In other NutriSystem news, Director Robert F. Bernstock sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the sale, the director now owns 25,350 shares in the company, valued at approximately $1,350,141. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dawn M. Zier sold 30,121 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total value of $1,574,424.67. Following the completion of the sale, the insider now owns 214,646 shares in the company, valued at approximately $11,219,546.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,255 shares of company stock worth $3,332,250. Insiders own 2.40% of the company’s stock.
Several brokerages recently weighed in on NTRI. Zacks Investment Research upgraded shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Saturday, October 28th. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley set a $74.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Barrington Research upgraded shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.44.
Shares of NutriSystem Inc (NASDAQ:NTRI) opened at $48.55 on Wednesday. NutriSystem Inc has a 52-week low of $31.60 and a 52-week high of $67.95. The company has a market capitalization of $1,432.88, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.05.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. analysts forecast that NutriSystem Inc will post 1.95 earnings per share for the current year.
NutriSystem announced that its board has approved a stock buyback program on Wednesday, October 25th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.70 annualized dividend and a yield of 1.44%. NutriSystem’s dividend payout ratio is presently 38.25%.
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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