NutriSystem Inc. (NASDAQ:NTRI) CEO Dawn M. Zier sold 30,006 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 224,659 shares of the company’s stock, valued at $11,763,145.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NutriSystem Inc. (NTRI) traded up $0.05 during trading hours on Friday, reaching $43.25. 566,724 shares of the company’s stock were exchanged, compared to its average volume of 511,505. The stock has a market capitalization of $1,299.19, a price-to-earnings ratio of 23.63, a PEG ratio of 1.03 and a beta of 0.72. NutriSystem Inc. has a one year low of $32.65 and a one year high of $67.95.
NutriSystem announced that its Board of Directors has initiated a share buyback program on Wednesday, October 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds have recently added to or reduced their stakes in NTRI. Cypress Capital Management LLC WY purchased a new stake in shares of NutriSystem during the third quarter worth approximately $112,000. Riverhead Capital Management LLC increased its stake in shares of NutriSystem by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after buying an additional 931 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of NutriSystem by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after buying an additional 257 shares during the period. Victory Capital Management Inc. increased its stake in shares of NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after buying an additional 397 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of NutriSystem during the second quarter worth approximately $199,000.
NTRI has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $80.00 target price on shares of NutriSystem in a research note on Friday, December 22nd. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. B. Riley set a $74.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, BidaskClub cut shares of NutriSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.56.
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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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