NutriSystem Inc (NTRI) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of NutriSystem Inc (NASDAQ:NTRI) from a hold rating to a strong-buy rating in a research note released on Saturday morning. They currently have $64.00 price objective on the stock.
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 research reports. Craig Hallum set a $70.00 price objective on NutriSystem and gave the stock a buy rating in a report on Tuesday, July 18th. DA Davidson restated a buy rating and set a $64.00 price objective on shares of NutriSystem in a report on Monday, July 24th. Sidoti downgraded NutriSystem from a buy rating to a neutral rating in a report on Monday, April 3rd. Wunderlich downgraded NutriSystem from a buy rating to a hold rating and boosted their price objective for the stock from $52.00 to $60.00 in a report on Thursday, April 27th. Finally, BidaskClub upgraded NutriSystem from a buy rating to a strong-buy rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. NutriSystem currently has a consensus rating of Buy and a consensus price target of $64.90.
Shares of NutriSystem (NTRI) opened at 54.35 on Friday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 33.76 and a beta of 1.11. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The stock’s 50 day moving average is $54.16 and its 200-day moving average is $48.76.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The firm 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 business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, equities research analysts expect that NutriSystem will post $1.84 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a $0.175 dividend. 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 1.29%. NutriSystem’s dividend payout ratio is 43.48%.
In other news, insider Dawn M. Zier sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $49.65, for a total value of $1,489,500.00. Following the transaction, the insider now owns 217,289 shares in the company, valued at approximately $10,788,398.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Tierney sold 2,147 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $48.61, for a total value of $104,365.67. The disclosure for this sale can be found here. Insiders sold a total of 107,611 shares of company stock worth $5,471,324 in the last quarter. 2.40% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. acquired a new position in shares of NutriSystem during the first quarter worth $565,000. Granite Investment Partners LLC increased its position in shares of NutriSystem by 10.3% in the first quarter. Granite Investment Partners LLC now owns 345,180 shares of the company’s stock worth $19,157,000 after buying an additional 32,117 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of NutriSystem by 107.7% in the first quarter. Acadian Asset Management LLC now owns 488,856 shares of the company’s stock worth $27,132,000 after buying an additional 253,484 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of NutriSystem during the first quarter worth $225,000. Finally, Nationwide Fund Advisors increased its position in shares of NutriSystem by 7.5% in the first quarter. Nationwide Fund Advisors now owns 57,374 shares of the company’s stock worth $3,184,000 after buying an additional 4,014 shares in the last quarter. Institutional investors 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.
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