Nutrisystem Inc. (NTRI) Downgraded by Zacks Investment Research
According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
Several other analysts have also commented on NTRI. B. Riley restated a buy rating and issued a $41.00 price objective on shares of Nutrisystem in a report on Monday, August 1st. Citigroup Inc. raised their price objective on shares of Nutrisystem from $31.00 to $36.00 and gave the stock a neutral rating in a report on Tuesday, September 13th. Finally, Barrington Research restated an outperform rating on shares of Nutrisystem in a report on Sunday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nutrisystem has a consensus rating of Buy and an average price target of $32.67.
Shares of Nutrisystem (NASDAQ:NTRI) traded down 0.23% on Tuesday, hitting $30.24. The stock had a trading volume of 4,487 shares. The firm has a market capitalization of $885.25 million, a price-to-earnings ratio of 29.91 and a beta of 0.76. The firm has a 50 day moving average of $28.94 and a 200-day moving average of $25.90. Nutrisystem has a 1-year low of $17.25 and a 1-year high of $30.57.
Nutrisystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The company had revenue of $149.80 million for the quarter, compared to analysts’ expectations of $148.77 million. During the same period last year, the firm earned $0.41 earnings per share. Nutrisystem’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts predict that Nutrisystem will post $1.11 earnings per share for the current year.
In other news, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the completion of the transaction, the director now directly owns 40,620 shares in the company, valued at $1,188,135. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn M. Zier sold 25,000 shares of the business’s 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 $6,451,163.10. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Nutrisystem by 2.1% in the first quarter. Renaissance Technologies LLC now owns 2,777,800 shares of the company’s stock worth $57,973,000 after buying an additional 56,800 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Nutrisystem by 150.8% in the second quarter. Emerald Advisers Inc. PA now owns 942,255 shares of the company’s stock worth $23,896,000 after buying an additional 566,608 shares during the last quarter. Scholtz & Company LLC purchased a new position in shares of Nutrisystem during the first quarter worth $1,548,000. Integre Asset Management LLC purchased a new position in shares of Nutrisystem during the first quarter worth $550,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Nutrisystem during the second quarter worth $12,916,000. Institutional investors own 93.77% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nutrisystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrisystem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.