Shares of Nutrisystem Inc. (NASDAQ:NTRI) dropped 1.2% during mid-day trading on Friday . The company traded as low as $28.07 and last traded at $28.18, with a volume of 171,195 shares. The stock had previously closed at $28.51.

NTRI has been the subject of a number of recent research reports. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Saturday, May 7th. Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a research note on Sunday, July 31st. Finally, B. Riley reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutrisystem in a research note on Monday, August 1st. Seven investment analysts have rated the stock with a buy rating, Nutrisystem currently has an average rating of “Buy” and an average target price of $31.67.

The stock has a 50 day moving average price of $28.41 and a 200 day moving average price of $24.46. The firm has a market capitalization of $822.89 million and a PE ratio of 27.80.

Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The business had revenue of $149.80 million for the quarter, compared to analyst estimates of $148.77 million. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts predict that Nutrisystem Inc. will post $1.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, August 4th.

In other Nutrisystem news, insider Dawn M. Zier sold 25,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.10, for a total transaction of $652,500.00. Following the sale, the insider now directly owns 247,171 shares in the company, valued at $6,451,163.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dawn M. Zier sold 24,842 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $24.79, for a total value of $615,833.18. Following the sale, the chief executive officer now owns 242,213 shares in the company, valued at $6,004,460.27. The disclosure for this sale can be found here.

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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