BidaskClub upgraded shares of Nutrisystem (NASDAQ:NTRI) from a strong sell rating to a sell rating in a research note released on Friday morning.
A number of other equities research analysts have also recently weighed in on the stock. 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 reiterated a buy rating and set a $80.00 price target on shares of Nutrisystem in a research report on Friday, December 22nd. Craig Hallum dropped their price target on shares of Nutrisystem from $80.00 to $50.00 and set a buy rating for the company in a research report on Tuesday, February 27th. B. Riley set a $52.00 price target on shares of Nutrisystem and gave the company a buy rating in a research report on Thursday, February 22nd. Finally, Argus cut shares of Nutrisystem from a buy rating to a hold rating in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $57.00.
Shares of NTRI opened at $28.70 on Friday. Nutrisystem has a 1-year low of $26.06 and a 1-year high of $67.95. The stock has a market cap of $854.84, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.84 and a beta of 1.12.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Nutrisystem had a net margin of 8.30% and a return on equity of 48.69%. The business had revenue of $131.20 million during the quarter, compared to analysts’ expectations of $128.75 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. equities research analysts anticipate that Nutrisystem will post 2.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Thursday, March 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. This is a boost from Nutrisystem’s previous quarterly dividend of $0.18. Nutrisystem’s payout ratio is 51.02%.
In related news, insider Dawn M. Zier sold 30,825 shares of Nutrisystem stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $40.37, for a total value of $1,244,405.25. Following the completion of the transaction, the insider now owns 221,013 shares in the company, valued at $8,922,294.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.04% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Nutrisystem by 3.3% in the fourth quarter. BlackRock Inc. now owns 3,819,640 shares of the company’s stock valued at $200,912,000 after purchasing an additional 121,738 shares in the last quarter. Eagle Asset Management Inc. lifted its stake 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 acquiring an additional 189,317 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Nutrisystem in the fourth quarter worth approximately $96,114,000. Dimensional Fund Advisors LP lifted its stake in Nutrisystem by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock worth $62,741,000 after acquiring an additional 16,610 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in Nutrisystem by 16.6% in the fourth quarter. Thrivent Financial For Lutherans now owns 901,040 shares of the company’s stock worth $47,394,000 after acquiring an additional 128,422 shares during the last quarter.
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Nutrisystem Company Profile
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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