NutriSystem Inc. (NASDAQ:NTRI) Director Jay Herratti sold 1,930 shares of NutriSystem stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $40.00, for a total transaction of $77,200.00. Following the completion of the transaction, the director now owns 21,504 shares of the company’s stock, valued at approximately $860,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ NTRI opened at $39.85 on Friday. NutriSystem Inc. has a 52 week low of $26.06 and a 52 week high of $67.95. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.09 and a beta of 1.32.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Monday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. NutriSystem had a net margin of 7.65% and a return on equity of 42.69%. The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $206.85 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. equities analysts forecast that NutriSystem Inc. will post 2.09 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of NutriSystem by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock valued at $6,749,000 after buying an additional 2,095 shares in the last quarter. Swiss National Bank boosted its holdings in shares of NutriSystem by 4.8% in the 1st quarter. Swiss National Bank now owns 52,400 shares of the company’s stock valued at $1,412,000 after buying an additional 2,400 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of NutriSystem by 31.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the company’s stock valued at $776,000 after buying an additional 3,530 shares in the last quarter. Advisors Preferred LLC boosted its holdings in shares of NutriSystem by 1,160.4% in the 1st quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock valued at $107,000 after buying an additional 3,667 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of NutriSystem by 8.3% in the 1st quarter. Guggenheim Capital LLC now owns 56,018 shares of the company’s stock valued at $1,509,000 after buying an additional 4,308 shares in the last quarter.
A number of brokerages recently weighed in on NTRI. DA Davidson lifted their price objective on shares of NutriSystem from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. They noted that the move was a valuation call. BidaskClub upgraded shares of NutriSystem from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Barrington Research reiterated a “hold” rating on shares of NutriSystem in a report on Monday, May 21st. Argus cut shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, ValuEngine cut shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.43.
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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