BidaskClub upgraded shares of Nutrisystem (NASDAQ:NTRI) from a strong sell rating to a sell rating in a research report report published on Saturday morning.
NTRI has been the topic of a number of other reports. Argus cut shares of Nutrisystem from a buy rating to a hold rating in a research note on Tuesday, March 20th. B. Riley set a $52.00 target price on shares of Nutrisystem and gave the company a buy rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of Nutrisystem from a hold rating to a buy rating and set a $38.00 target price on the stock in a research note on Wednesday, May 9th. Barrington Research cut shares of Nutrisystem from an outperform rating to a market perform rating in a research note on Tuesday, February 27th. Finally, Craig Hallum dropped their target price on shares of Nutrisystem from $80.00 to $50.00 and set a buy rating on the stock in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $49.38.
Nutrisystem opened at $33.05 on Friday, according to MarketBeat.com. The stock has a market capitalization of $981.88 million, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.95 and a beta of 1.12. Nutrisystem has a twelve month low of $26.06 and a twelve month high of $67.95.
Nutrisystem (NASDAQ:NTRI) last released its earnings results on Monday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $206.85 million. Nutrisystem had a net margin of 7.65% and a return on equity of 42.69%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. equities research analysts anticipate that Nutrisystem will post 2.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, May 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, May 9th. Nutrisystem’s dividend payout ratio (DPR) is currently 51.02%.
Several hedge funds and other institutional investors have recently bought and sold shares of NTRI. Carillon Tower Advisers Inc. bought a new stake in shares of Nutrisystem in the fourth quarter valued at approximately $96,114,000. State of New Jersey Common Pension Fund D raised its position in shares of Nutrisystem by 1,457.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 545,000 shares of the company’s stock valued at $14,688,000 after purchasing an additional 510,000 shares during the period. Wells Fargo & Company MN raised its position in shares of Nutrisystem by 81.5% in the fourth quarter. Wells Fargo & Company MN now owns 737,760 shares of the company’s stock valued at $38,806,000 after purchasing an additional 331,273 shares during the period. Park West Asset Management LLC raised its position in shares of Nutrisystem by 207.4% in the fourth quarter. Park West Asset Management LLC now owns 415,000 shares of the company’s stock valued at $21,829,000 after purchasing an additional 280,000 shares during the period. Finally, BlackRock Inc. raised its position in shares of Nutrisystem by 6.6% in the first quarter. BlackRock Inc. now owns 4,071,783 shares of the company’s stock valued at $109,734,000 after purchasing an additional 252,143 shares during the period.
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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