NutriSystem Inc. (NASDAQ:NTRI) has received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $68.75.
Several research firms have recently commented on NTRI. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 price target on shares of 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 price objective on shares of NutriSystem in a research note on Friday, December 22nd. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Saturday, October 28th. Finally, BidaskClub downgraded NutriSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd.
In related news, CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 at this hyperlink. Also, CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $52.36, for a total value of $1,571,114.16. Following the transaction, the chief executive officer now owns 224,659 shares of the company’s stock, valued at $11,763,145.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,831 shares of company stock valued at $4,627,659. 2.40% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in NTRI. Cypress Capital Management LLC WY bought a new position in shares of NutriSystem during the 3rd quarter valued at approximately $112,000. Ameritas Investment Partners Inc. boosted its stake in NutriSystem by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after purchasing an additional 257 shares during the period. Koch Industries Inc. bought a new position in NutriSystem in the 2nd quarter worth approximately $233,000. Polen Capital Management LLC bought a new position in NutriSystem in the 4th quarter worth approximately $249,000. Finally, BlueCrest Capital Management Ltd bought a new position in NutriSystem in the 2nd quarter worth approximately $262,000.
Shares of NutriSystem (NASDAQ:NTRI) opened at $42.60 on Friday. NutriSystem has a 52-week low of $35.30 and a 52-week high of $67.95. The company has a market cap of $1,272.17, a PE ratio of 23.28, a PEG ratio of 1.01 and a beta of 0.72.
NutriSystem declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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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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