Nutrisystem Inc. (NTRI) Trading Down 1.2%
Shares of Nutrisystem Inc. (NASDAQ:NTRI) dropped 1.2% during mid-day trading on Friday . The company traded as low as $28.07 and last traded at $28.18, with a volume of 171,195 shares. The stock had previously closed at $28.51.
NTRI has been the subject of a number of recent research reports. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Saturday, May 7th. Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a research note on Sunday, July 31st. Finally, B. Riley reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutrisystem in a research note on Monday, August 1st. Seven investment analysts have rated the stock with a buy rating, Nutrisystem currently has an average rating of “Buy” and an average target price of $31.67.
The stock has a 50 day moving average price of $28.41 and a 200 day moving average price of $24.46. The firm has a market capitalization of $822.89 million and a PE ratio of 27.80.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The business had revenue of $149.80 million for the quarter, compared to analyst estimates of $148.77 million. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts predict 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. Investors of record on Monday, August 8th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, August 4th.
In other Nutrisystem news, insider Dawn M. Zier sold 25,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 247,171 shares in the company, valued at $6,451,163.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dawn M. Zier sold 24,842 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $24.79, for a total value of $615,833.18. Following the sale, the chief executive officer now owns 242,213 shares in the company, valued at $6,004,460.27. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.