Texas Permanent School Fund Has $1.14 Million Stake in NutriSystem Inc (NTRI)
Texas Permanent School Fund boosted its position in NutriSystem Inc (NASDAQ:NTRI) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 21,832 shares of the company’s stock after buying an additional 199 shares during the period. Texas Permanent School Fund’s holdings in NutriSystem were worth $1,136,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of NTRI. Huntington National Bank purchased a new position in shares of NutriSystem during the first quarter worth approximately $104,000. Endurance Wealth Management Inc. purchased a new position in shares of NutriSystem during the first quarter worth approximately $111,000. FNY Partners Fund LP purchased a new position in shares of NutriSystem during the first quarter worth approximately $111,000. Meeder Asset Management Inc. purchased a new position in shares of NutriSystem during the second quarter worth approximately $106,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of NutriSystem during the first quarter worth approximately $130,000. 97.18% of the stock is currently owned by institutional investors.
NutriSystem Inc (NTRI) opened at 54.90 on Friday. The company has a 50 day moving average of $54.95 and a 200-day moving average of $50.26. NutriSystem Inc has a one year low of $26.90 and a one year high of $67.95. The firm has a market cap of $1.63 billion, a PE ratio of 34.01 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. During the same quarter last year, the firm posted $0.54 earnings per share. NutriSystem’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, equities research analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were issued a $0.175 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 1.28%. NutriSystem’s payout ratio is 43.48%.
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A number of research firms have recently issued reports on NTRI. B. Riley reissued a “buy” rating and issued a $74.00 price target on shares of NutriSystem in a research note on Friday, July 28th. BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. DA Davidson reissued a “buy” rating and issued a $79.00 price target (up from $64.00) on shares of NutriSystem in a research note on Sunday, July 30th. Zacks Investment Research downgraded shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $64.90.
In related news, insider Dawn M. Zier sold 29,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the transaction, the insider now owns 273,867 shares in the company, valued at $14,788,818. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keira Krausz sold 5,554 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $49.58, for a total transaction of $275,367.32. Following the completion of the transaction, the insider now owns 61,067 shares in the company, valued at approximately $3,027,701.86. The disclosure for this sale can be found here. Insiders sold 104,564 shares of company stock worth $5,448,859 in the last 90 days. 2.40% of the stock is currently owned by insiders.
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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