Nutrisystem Inc. (NTRI) Trading Down 1.2%
Nutrisystem Inc. (NASDAQ:NTRI) traded down 1.2% on Friday . The stock traded as low as $28.07 and last traded at $28.18, with a volume of 171,195 shares changing hands. The stock had previously closed at $28.51.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Nutrisystem from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Saturday, May 7th. B. Riley reissued a “buy” rating and set a $41.00 price target on shares of Nutrisystem in a research report on Saturday, May 7th. Finally, Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Seven research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $31.67.
The firm has a 50-day moving average of $28.41 and a 200 day moving average of $24.46. The firm has a market cap of $822.89 million and a price-to-earnings ratio of 27.80.
Nutrisystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business earned $149.80 million during the quarter, compared to analysts’ expectations of $148.77 million. During the same period in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts forecast 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. Stockholders of record on Monday, August 8th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, August 4th.
In related news, Director Paul J. Guagliardo sold 3,142 shares of Nutrisystem stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $24.22, for a total value of $76,099.24. Following the completion of the transaction, the director now owns 30,203 shares in the company, valued at $731,516.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction that occurred 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 completion of the transaction, the insider now owns 247,171 shares of the company’s stock, valued at approximately $6,451,163.10. 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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