NutriSystem (NASDAQ:NTRI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Other equities research analysts have also recently issued reports about the stock. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, October 26th. B. Riley set a $74.00 target price on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Saturday, October 28th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of NutriSystem in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. NutriSystem presently has an average rating of “Buy” and a consensus target price of $67.56.
Shares of NutriSystem (NTRI) opened at $41.55 on Friday. The stock has a market cap of $1,300.00, a PE ratio of 22.46, a PEG ratio of 0.95 and a beta of 0.72. NutriSystem has a fifty-two week low of $36.95 and a fifty-two week high of $67.95.
In related news, CEO Dawn M. Zier sold 30,006 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $11,763,145.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Keira Krausz sold 10,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.20, for a total transaction of $512,000.00. Following the completion of the transaction, the insider now owns 74,519 shares in the company, valued at approximately $3,815,372.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,831 shares of company stock worth $4,627,659. 2.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in NTRI. Carillon Tower Advisers Inc. acquired a new position in NutriSystem in the 4th quarter valued at about $96,114,000. Wells Fargo & Company MN grew its stake in NutriSystem by 81.5% in the 4th quarter. Wells Fargo & Company MN now owns 737,760 shares of the company’s stock valued at $38,806,000 after buying an additional 331,273 shares during the last quarter. Park West Asset Management LLC grew its stake in NutriSystem by 207.4% in the 4th quarter. Park West Asset Management LLC now owns 415,000 shares of the company’s stock valued at $21,829,000 after buying an additional 280,000 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of NutriSystem by 502.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 308,283 shares of the company’s stock worth $17,233,000 after purchasing an additional 257,150 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of NutriSystem by 9,342.3% during the 4th quarter. Victory Capital Management Inc. now owns 206,220 shares of the company’s stock worth $10,847,000 after purchasing an additional 204,036 shares in the last quarter.
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NutriSystem Company Profile
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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