NutriSystem Sees Unusually Large Options Volume (NTRI)
NutriSystem Inc. (NASDAQ:NTRI) was the target of some unusual options trading activity on Monday. Stock investors purchased 1,045 put options on the company. This is an increase of 1,223% compared to the average volume of 79 put options.
A number of research analysts have issued reports on the stock. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of NutriSystem in a research report on Friday, December 22nd. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Saturday, October 28th. Finally, BidaskClub downgraded shares of NutriSystem from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.56.
In other NutriSystem news, insider Dawn M. Zier sold 30,825 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the transaction, the insider now directly owns 221,013 shares of the company’s stock, valued at approximately $8,922,294.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $52.36, for a total transaction of $1,571,114.16. Following the transaction, the chief executive officer now directly owns 224,659 shares in the company, valued at $11,763,145.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,831 shares of company stock worth $4,627,659. Insiders own 2.40% of the company’s stock.
NutriSystem (NASDAQ NTRI) traded up $0.60 during trading hours on Wednesday, hitting $42.15. 286,721 shares of the stock were exchanged, compared to its average volume of 539,776. The stock has a market cap of $1,240.00, a P/E ratio of 22.78, a PEG ratio of 0.99 and a beta of 0.72. NutriSystem has a 12-month low of $34.40 and a 12-month high of $67.95.
NutriSystem announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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.
Receive News & Ratings for NutriSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem and related companies with MarketBeat.com's FREE daily email newsletter.