Weight Watchers International (WTW) Downgraded by ValuEngine

ValuEngine downgraded shares of Weight Watchers International (NYSE:WTW) from a buy rating to a hold rating in a report released on Thursday morning.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Weight Watchers International from a strong-buy rating to a hold rating in a research report on Friday, December 1st. Craig Hallum reiterated a buy rating and set a $70.00 price target (up from $50.00) on shares of Weight Watchers International in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Weight Watchers International from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $35.55.

Shares of Weight Watchers International (NYSE:WTW) opened at $47.11 on Thursday. The company has a market cap of $3,035.50, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.00 and a beta of 2.96. Weight Watchers International has a fifty-two week low of $9.88 and a fifty-two week high of $54.47. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of -1.74.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Monday, November 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The business had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $319.40 million. During the same period last year, the company earned $0.53 earnings per share. Weight Watchers International’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities research analysts anticipate that Weight Watchers International will post 1.57 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new position in shares of Weight Watchers International in the second quarter worth approximately $22,572,000. PDT Partners LLC bought a new position in shares of Weight Watchers International in the second quarter worth approximately $16,546,000. Dimensional Fund Advisors LP increased its position in shares of Weight Watchers International by 122.8% in the third quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock worth $25,300,000 after purchasing an additional 320,227 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Weight Watchers International by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,368,696 shares of the company’s stock worth $36,881,000 after purchasing an additional 111,648 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Weight Watchers International in the third quarter worth approximately $4,751,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.

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Weight Watchers International Company Profile

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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