Headlines about Nutrisystem (NASDAQ:NTRI) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nutrisystem earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.0031234076761 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of brokerages have weighed in on NTRI. Lake Street Capital set a $73.00 target price on shares of Nutrisystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Craig Hallum set a $80.00 target price on shares of Nutrisystem and gave the company a “buy” rating in a research report on Thursday, July 27th. B. Riley restated a “buy” rating and issued a $74.00 target price on shares of Nutrisystem in a research report on Friday, July 28th. DA Davidson restated a “buy” rating and issued a $64.00 target price on shares of Nutrisystem in a research report on Monday, July 24th. Finally, Barrington Research upgraded shares of Nutrisystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Nutrisystem currently has an average rating of “Buy” and a consensus price target of $67.44.

Shares of Nutrisystem (NASDAQ:NTRI) traded down $0.65 during trading hours on Friday, hitting $46.85. 449,126 shares of the stock were exchanged, compared to its average volume of 501,735. The firm has a market capitalization of $1,410.00, a price-to-earnings ratio of 25.87, a PEG ratio of 1.32 and a beta of 1.05. Nutrisystem has a 52 week low of $31.60 and a 52 week high of $67.95.

Nutrisystem (NASDAQ:NTRI) last released its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. Nutrisystem had a net margin of 9.50% and a return on equity of 47.10%. Nutrisystem’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. equities research analysts anticipate that Nutrisystem will post 1.95 EPS for the current year.

Nutrisystem declared that its board has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be issued a $0.175 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.70 annualized dividend and a yield of 1.49%. Nutrisystem’s payout ratio is 37.84%.

In related news, CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $53.33, for a total value of $533,300.00. Following the transaction, the chief financial officer now owns 59,598 shares in the company, valued at $3,178,361.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay Herratti sold 3,799 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total transaction of $227,940.00. 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. 2.40% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Nutrisystem (NASDAQ:NTRI)

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