Nutrisystem Inc. (NTRI) Trading Up 2%
Nutrisystem Inc. (NASDAQ:NTRI) was up 2% during mid-day trading on Monday . The company traded as high as $27.00 and last traded at $26.62, with a volume of 99,694 shares traded. The stock had previously closed at $26.10.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Nutrisystem from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 7th. B. Riley reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutrisystem in a research note on Monday, May 2nd. Wunderlich lifted their target price on shares of Nutrisystem from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, May 4th. Finally, Vetr lowered shares of Nutrisystem from a “strong-buy” rating to a “buy” rating and set a $25.00 target price on the stock. in a research note on Monday, May 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Nutrisystem currently has a consensus rating of “Buy” and an average price target of $30.75.
The firm has a market capitalization of $770.89 million and a P/E ratio of 30.14. The stock’s 50-day moving average price is $25.61 and its 200 day moving average price is $22.30.
Nutrisystem (NASDAQ:NTRI) last announced its earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.08. The firm earned $162.10 million during the quarter, compared to analysts’ expectations of $152.13 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Equities analysts anticipate that Nutrisystem Inc. will post $1.07 earnings per share for the current year.
In other news, CFO Michael P. Monahan sold 52,773 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $27.01, for a total value of $1,425,398.73. Following the sale, the chief financial officer now owns 67,273 shares of the company’s stock, valued at $1,817,043.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Guagliardo sold 3,142 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $24.22, for a total transaction of $76,099.24. Following the completion of the sale, the director now directly owns 30,203 shares in the company, valued at approximately $731,516.66. The disclosure for this sale can be found here.
Other large investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of Nutrisystem by 206.7% in the fourth quarter. Nationwide Fund Advisors now owns 57,477 shares of the company’s stock valued at $1,244,000 after buying an additional 38,739 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Nutrisystem by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 53,626 shares of the company’s stock valued at $1,160,000 after buying an additional 1,000 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Nutrisystem by 17,698.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 226,402 shares of the company’s stock valued at $4,898,000 after buying an additional 225,130 shares in the last quarter. SECOR Capital Advisors LP purchased a new stake in shares of Nutrisystem during the fourth quarter valued at $1,056,000. Finally, GSA Capital Partners LLP increased its stake in shares of Nutrisystem by 34.9% in the fourth quarter. GSA Capital Partners LLP now owns 124,719 shares of the company’s stock valued at $2,699,000 after buying an additional 32,284 shares in the last quarter.
Nutrisystem, Inc (Nutrisystem) is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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