NutriSystem Inc. (NASDAQ:NTRI) has earned a consensus rating of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $68.75.
A number of research analysts have commented on NTRI shares. Zacks Investment Research lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. B. Riley set a $74.00 price objective on NutriSystem and gave the company a “buy” rating in a report on Thursday, October 26th. Lake Street Capital set a $73.00 target price on NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. DA Davidson reiterated a “buy” rating and set a $80.00 target price on shares of NutriSystem in a research report on Friday, December 22nd. Finally, BidaskClub downgraded NutriSystem from a “hold” rating to a “sell” rating in a research report on Tuesday.
Shares of NutriSystem (NASDAQ:NTRI) traded up $0.45 during midday trading on Tuesday, reaching $47.40. The company’s stock had a trading volume of 499,500 shares, compared to its average volume of 426,929. NutriSystem has a 52-week low of $31.60 and a 52-week high of $67.95. The firm has a market cap of $1,410.35, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The firm had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. During the same period in the prior year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. sell-side analysts forecast that NutriSystem will post 1.95 earnings per share for the current fiscal year.
NutriSystem announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, CFO Michael P. Monahan sold 10,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $49.60, for a total transaction of $496,000.00. Following the completion of the sale, the chief financial officer now directly owns 46,660 shares in the company, valued at approximately $2,314,336. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Keira Krausz sold 5,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $50.96, for a total value of $254,800.00. Following the sale, the insider now owns 75,463 shares of the company’s stock, valued at $3,845,594.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,006 shares of company stock valued at $3,383,254. 2.40% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in NTRI. Vanguard Group Inc. lifted its position in shares of NutriSystem by 50.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after buying an additional 823,221 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in NutriSystem by 502.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 308,283 shares of the company’s stock valued at $17,233,000 after purchasing an additional 257,150 shares during the last quarter. Balyasny Asset Management LLC bought a new position in NutriSystem in the second quarter valued at about $13,190,000. Koch Industries Inc. bought a new position in NutriSystem in the second quarter valued at about $233,000. Finally, Numeric Investors LLC bought a new position in NutriSystem in the second quarter valued at about $12,206,000.
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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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