Nutrisystem (NASDAQ:NTRI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
NTRI has been the topic of several other reports. Zacks Investment Research downgraded Nutrisystem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Argus downgraded Nutrisystem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. B. Riley set a $52.00 price objective on Nutrisystem and gave the company a “buy” rating in a research report on Wednesday, February 28th. Barrington Research downgraded Nutrisystem from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Finally, DA Davidson restated a “buy” rating and issued a $80.00 price objective on shares of Nutrisystem in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.00.
NASDAQ NTRI opened at $28.70 on Thursday. The firm has a market cap of $850.36, a P/E ratio of 14.64, a P/E/G ratio of 0.83 and a beta of 1.11. Nutrisystem has a fifty-two week low of $26.06 and a fifty-two week high of $67.95.
Nutrisystem (NASDAQ:NTRI) last released its earnings results on Monday, February 26th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $131.20 million for the quarter, compared to the consensus estimate of $128.75 million. Nutrisystem had a return on equity of 48.69% and a net margin of 8.30%. Nutrisystem’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. equities analysts anticipate that Nutrisystem will post 2.05 EPS for the current fiscal year.
In related news, insider Dawn M. Zier sold 30,825 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $40.37, for a total value of $1,244,405.25. Following the sale, the insider now directly owns 221,013 shares in the company, valued at $8,922,294.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of NTRI. New York State Common Retirement Fund lifted its position in shares of Nutrisystem by 6.6% in the third quarter. New York State Common Retirement Fund now owns 71,043 shares of the company’s stock worth $3,971,000 after buying an additional 4,369 shares in the last quarter. Legal & General Group Plc increased its stake in Nutrisystem by 7.5% during the third quarter. Legal & General Group Plc now owns 58,490 shares of the company’s stock worth $3,268,000 after acquiring an additional 4,058 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Nutrisystem by 14.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 158,555 shares of the company’s stock worth $8,864,000 after acquiring an additional 19,706 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Nutrisystem by 1.5% during 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, California Public Employees Retirement System increased its stake in Nutrisystem by 65.8% during the third quarter. California Public Employees Retirement System now owns 21,223 shares of the company’s stock worth $1,186,000 after acquiring an additional 8,423 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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