Somewhat Favorable News Coverage Somewhat Likely to Impact NutriSystem (NTRI) Share Price
News stories about NutriSystem (NASDAQ:NTRI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NutriSystem earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned headlines about the company an impact score of 51.1240174024391 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Nutrisystem Adds 19 New Menu Items to Its Highly-Rated Menu For Diet Season 2018 (finance.yahoo.com)
- Does Nutrisystem Inc’s (NASDAQ:NTRI) PE Ratio Signal A Buying Opportunity? (finance.yahoo.com)
- NutriSystem Inc. (NTRI) Insider Sells $254,800.00 in Stock (americanbankingnews.com)
- NutriSystem Inc. (NTRI) CEO Dawn M. Zier Sells 30,006 Shares (americanbankingnews.com)
- Analysts Anticipate NutriSystem Inc. (NTRI) Will Post Quarterly Sales of $128.74 Million (americanbankingnews.com)
NTRI has been the topic of several research reports. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Saturday, October 28th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, DA Davidson reissued a “buy” rating and set a $80.00 price objective on shares of NutriSystem in a research note on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.56.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to analysts’ expectations of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. analysts predict that NutriSystem will post 1.95 EPS for the current fiscal year.
NutriSystem declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, insider Dawn M. Zier sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $49.94, for a total transaction of $549,340.00. Following the completion of the transaction, the insider now directly owns 210,666 shares of the company’s stock, valued at $10,520,660.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $49.60, for a total transaction of $496,000.00. Following the transaction, the chief financial officer now directly owns 46,660 shares of the company’s stock, valued at $2,314,336. The disclosure for this sale can be found here. Insiders sold 66,006 shares of company stock valued at $3,383,254 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
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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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