Nutrisystem Inc. (NASDAQ:NTRI) rose 3.1% during trading on Monday . The company traded as high as $28.51 and last traded at $28.40, with a volume of 95,628 shares changing hands. The stock had previously closed at $27.54.

NTRI has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Nutrisystem in a research report on Monday, September 12th. Zacks Investment Research raised shares of Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Saturday, July 30th. Citigroup Inc. increased their price objective on shares of Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Finally, Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Nutrisystem has a consensus rating of “Buy” and an average price target of $32.67.

The company has a market cap of $841.92 million, a PE ratio of 28.45 and a beta of 0.78. The company’s 50-day moving average price is $28.74 and its 200-day moving average price is $25.12.

Nutrisystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. Nutrisystem had a net margin of 5.87% and a return on equity of 45.65%. The firm earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Nutrisystem’s revenue was up 15.0% compared to the same quarter last year. On average, analysts predict that Nutrisystem Inc. will post $1.11 earnings per share for the current fiscal year.

In other Nutrisystem news, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.10, for a total transaction of $652,500.00. Following the transaction, the insider now directly owns 247,171 shares of the company’s stock, valued at $6,451,163.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Keira Krausz sold 20,000 shares of Nutrisystem stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $26.26, for a total transaction of $525,200.00. Following the transaction, the chief marketing officer now directly owns 92,362 shares in the company, valued at $2,425,426.12. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NTRI. Arizona State Retirement System boosted its position in Nutrisystem by 0.7% in the first quarter. Arizona State Retirement System now owns 15,017 shares of the company’s stock worth $313,000 after buying an additional 100 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Nutrisystem by 86.4% in the first quarter. Panagora Asset Management Inc. now owns 245,592 shares of the company’s stock worth $5,126,000 after buying an additional 113,808 shares during the last quarter. Scholtz & Company LLC purchased a new position in Nutrisystem during the first quarter worth approximately $1,548,000. Envestnet Asset Management Inc. boosted its position in Nutrisystem by 219.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,798 shares of the company’s stock worth $121,000 after buying an additional 3,985 shares during the last quarter. Finally, Integre Asset Management LLC purchased a new position in Nutrisystem during the first quarter worth approximately $550,000. 93.77% of the stock is currently owned by hedge funds and other institutional investors.

Nutrisystem Company Profile

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.

5 Day Chart for NASDAQ:NTRI

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