Nutrisystem Inc. (NTRI) Receives $33.25 Consensus Price Target from Analysts
Shares of Nutrisystem Inc. (NASDAQ:NTRI) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the firm. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $33.25.
NTRI has been the subject of several recent analyst reports. Zacks Investment Research cut Nutrisystem from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 7th. B. Riley restated a “buy” rating and set a $41.00 target price on shares of Nutrisystem in a research report on Wednesday, July 27th. Barrington Research restated an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Finally, Citigroup Inc. boosted their target price on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th.
In other news, insider Dawn M. Zier sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $26.10, for a total value of $652,500.00. Following the completion of the sale, the insider now owns 247,171 shares of the company’s stock, valued at approximately $6,451,163.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Tierney sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total value of $204,750.00. Following the completion of the sale, the director now directly owns 40,620 shares of the company’s stock, valued at approximately $1,188,135. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in NTRI. Renaissance Technologies LLC raised its stake in 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 period. Eagle Asset Management Inc. raised its stake in Nutrisystem by 5.6% in the third quarter. Eagle Asset Management Inc. now owns 2,090,491 shares of the company’s stock worth $62,066,000 after buying an additional 111,207 shares during the period. BlackRock Fund Advisors raised its stake in Nutrisystem by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,913,200 shares of the company’s stock worth $48,519,000 after buying an additional 40,100 shares during the period. Thrivent Financial for Lutherans raised its stake in Nutrisystem by 3.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,390,931 shares of the company’s stock worth $35,274,000 after buying an additional 41,791 shares during the period. Finally, Copper Rock Capital Partners LLC raised its stake in Nutrisystem by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,272,451 shares of the company’s stock worth $32,269,000 after buying an additional 19,761 shares during the period. 93.77% of the stock is owned by institutional investors.
Shares of Nutrisystem (NASDAQ:NTRI) opened at 30.05 on Thursday. The firm has a market cap of $879.68 million, a PE ratio of 29.72 and a beta of 0.76. Nutrisystem has a 52 week low of $17.25 and a 52 week high of $30.80. The stock has a 50 day moving average price of $29.11 and a 200 day moving average price of $26.31.
Nutrisystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.54 EPS for the quarter, topping the Zacks’ 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 firm earned $149.80 million during the quarter, compared to analyst estimates of $148.77 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts expect that Nutrisystem will post $1.11 earnings per share for the current year.
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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