Weight Watchers International Inc. (WTW) Upgraded to Strong-Buy by Vetr Inc.
Vetr upgraded shares of Weight Watchers International Inc. (NYSE:WTW) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning. Vetr currently has $11.83 target price on the stock.
Separately, Zacks Investment Research lowered shares of Weight Watchers International from a strong-buy rating to a hold rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $18.55.
Weight Watchers International (NYSE:WTW) opened at 10.23 on Monday. The firm has a 50-day moving average of $10.43 and a 200 day moving average of $12.37. Weight Watchers International has a 12-month low of $6.68 and a 12-month high of $28.05. The company has a market capitalization of $653.31 million, a price-to-earnings ratio of 21.22 and a beta of 3.17.
Weight Watchers International (NYSE:WTW) last posted its earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm earned $310 million during the quarter, compared to analyst estimates of $318.30 million. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Analysts expect that Weight Watchers International will post $0.94 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board increased its stake in Weight Watchers International by 6,061.1% in the first quarter. Canada Pension Plan Investment Board now owns 110,900 shares of the company’s stock valued at $1,611,000 after buying an additional 109,100 shares during the period. Geode Capital Management LLC increased its stake in Weight Watchers International by 1.0% in the first quarter. Geode Capital Management LLC now owns 169,951 shares of the company’s stock valued at $2,469,000 after buying an additional 1,683 shares during the period. Kennedy Capital Management Inc. acquired a new stake in Weight Watchers International during the first quarter valued at approximately $3,233,000. Adage Capital Partners GP L.L.C. increased its stake in Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock valued at $11,624,000 after buying an additional 400,000 shares during the period. Finally, Seven Eight Capital LLC increased its stake in Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares during the period. 91.90% of the stock is currently owned by institutional investors and hedge funds.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
To view Vetr’s full report, visit Vetr’s official website.
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