NutriSystem (NASDAQ:NTRI) received a $74.00 price objective from research analysts at B. Riley in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 80.05% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson reaffirmed a “buy” rating and set a $80.00 price target on shares of NutriSystem in a research report on Friday, December 22nd. Finally, Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. NutriSystem currently has a consensus rating of “Buy” and a consensus target price of $67.56.
NutriSystem (NTRI) opened at $41.10 on Thursday. NutriSystem has a 12-month low of $36.85 and a 12-month high of $67.95. The company has a market cap of $1,240.63, a PE ratio of 22.46, a PEG ratio of 0.99 and a beta of 0.72.
NutriSystem announced that its board has authorized a stock repurchase program on Wednesday, October 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Dawn M. Zier sold 30,825 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the sale, the insider now owns 221,013 shares in the company, valued at $8,922,294.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dawn M. Zier sold 30,006 shares of the 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 sale, the chief executive officer now owns 224,659 shares in the company, valued at approximately $11,763,145.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,831 shares of company stock worth $4,627,659. 2.40% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Cypress Capital Management LLC WY acquired a new stake in shares of NutriSystem in the third quarter valued at approximately $112,000. Ameritas Investment Partners Inc. increased its stake in shares of NutriSystem by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock valued at $136,000 after purchasing an additional 257 shares during the period. Polen Capital Management LLC acquired a new stake in shares of NutriSystem in the fourth quarter valued at approximately $249,000. Parametrica Management Ltd acquired a new stake in shares of NutriSystem in the third quarter valued at approximately $269,000. Finally, Ashford Capital Management Inc. acquired a new stake in shares of NutriSystem in the third quarter valued at approximately $280,000.
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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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