Bank of New York Mellon Corp reduced its position in shares of Nutrisystem (NASDAQ:NTRI) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473,445 shares of the company’s stock after selling 21,345 shares during the period. Bank of New York Mellon Corp owned about 1.58% of Nutrisystem worth $24,903,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Polen Capital Management LLC acquired a new stake in shares of Nutrisystem during the 4th quarter valued at approximately $249,000. Rhumbline Advisers raised its position in shares of Nutrisystem by 16.8% during the 4th quarter. Rhumbline Advisers now owns 68,500 shares of the company’s stock valued at $3,603,000 after acquiring an additional 9,850 shares in the last quarter. Arizona State Retirement System raised its position in shares of Nutrisystem by 223.3% during the 4th quarter. Arizona State Retirement System now owns 50,487 shares of the company’s stock valued at $2,656,000 after acquiring an additional 34,870 shares in the last quarter. Eagle Asset Management Inc. increased its position in Nutrisystem by 9.4% in the fourth quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock worth $114,445,000 after buying an additional 189,317 shares during the period. Finally, Capital Fund Management S.A. increased its position in Nutrisystem by 225.1% in the fourth quarter. Capital Fund Management S.A. now owns 102,400 shares of the company’s stock worth $5,386,000 after buying an additional 70,900 shares during the period.
Several brokerages have weighed in on NTRI. Citigroup dropped their target price on Nutrisystem from $67.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. B. Riley set a $52.00 target price on Nutrisystem and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Barrington Research lowered Nutrisystem from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $48.00 target price (down from $73.00) on shares of Nutrisystem in a research report on Tuesday, February 27th. Finally, BidaskClub raised Nutrisystem from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Nutrisystem currently has a consensus rating of “Buy” and an average price target of $57.00.
Shares of Nutrisystem stock opened at $31.35 on Monday. The firm has a market capitalization of $947.02, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.03. Nutrisystem has a 52-week low of $28.50 and a 52-week high of $67.95.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $131.20 million for the quarter, compared to analyst estimates of $128.75 million. Nutrisystem had a return on equity of 48.69% and a net margin of 8.30%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. research analysts predict that Nutrisystem will post 2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Nutrisystem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, March 7th. Nutrisystem’s dividend payout ratio (DPR) is 52.63%.
In other news, insider Dawn M. Zier sold 30,825 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the transaction, the insider now directly owns 221,013 shares of the company’s stock, valued at $8,922,294.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Monahan sold 10,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $49.60, for a total value of $496,000.00. Following the transaction, the chief financial officer now directly owns 46,660 shares in the company, valued at $2,314,336. The disclosure for this sale can be found here. Insiders have sold 75,831 shares of company stock worth $3,566,319 over the last three months. Corporate insiders own 2.40% of the company’s stock.
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Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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