NutriSystem Inc. (NASDAQ:NTRI) CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $52.36, for a total transaction of $1,571,114.16. Following the completion of the sale, the chief executive officer now owns 224,659 shares in the company, valued at $11,763,145.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NutriSystem Inc. (NASDAQ NTRI) traded up $0.95 during trading on Friday, hitting $52.50. 297,810 shares of the company traded hands, compared to its average volume of 315,169. NutriSystem Inc. has a 1-year low of $31.60 and a 1-year high of $67.95. The stock has a market cap of $1,548.53, a price-to-earnings ratio of 28.69, a PEG ratio of 1.23 and a beta of 1.01.
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 Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. equities analysts anticipate that NutriSystem Inc. will post 1.95 earnings per share for the current year.
NutriSystem declared that its board has initiated a share buyback plan on Wednesday, October 25th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
NTRI has been the topic of several recent research reports. Zacks Investment Research lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, DA Davidson reiterated a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a research report on Friday, December 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $67.56.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in NutriSystem by 50.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after purchasing an additional 823,221 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in NutriSystem by 130.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,560 shares of the company’s stock valued at $914,000 after purchasing an additional 9,942 shares in the last quarter. U S Global Investors Inc. purchased a new position in NutriSystem in the 3rd quarter valued at about $1,023,000. Assetmark Inc. lifted its holdings in NutriSystem by 13.0% in the 2nd quarter. Assetmark Inc. now owns 125,103 shares of the company’s stock valued at $6,512,000 after purchasing an additional 14,358 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its holdings in NutriSystem by 13.1% in the 3rd quarter. Emerald Advisers Inc. PA now owns 661,428 shares of the company’s stock valued at $36,974,000 after purchasing an additional 76,430 shares in the last quarter. Institutional investors own 92.48% of the company’s stock.
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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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