Nutrisystem Inc. (NTRI) Sees Unusually-High Trading Volume
Shares of Nutrisystem Inc. (NASDAQ:NTRI) saw an uptick in trading volume on Monday . 451,700 shares changed hands during trading, an increase of 136% from the previous session’s volume of 191,747 shares.The stock last traded at $28.11 and had previously closed at $28.51.
A number of brokerages have recently weighed in on NTRI. B. Riley reaffirmed a “buy” rating and set a $41.00 price target on shares of Nutrisystem in a report on Monday, August 1st. Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Finally, Zacks Investment Research raised shares of Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Saturday, July 30th. Seven equities research analysts have rated the stock with a buy rating, Nutrisystem has a consensus rating of “Buy” and an average target price of $31.67.
The stock’s 50-day moving average is $28.41 and its 200-day moving average is $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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. During the same period last year, the company posted $0.41 earnings per share. The firm had revenue of $149.80 million for the quarter, compared to analysts’ expectations of $148.77 million. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, analysts forecast that Nutrisystem Inc. will post $1.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, August 4th.
In related news, Director Paul J. Guagliardo sold 3,142 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $24.22, for a total transaction of $76,099.24. Following the sale, the director now directly owns 30,203 shares of the company’s stock, valued at approximately $731,516.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dawn M. Zier sold 24,842 shares of the stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $24.79, for a total transaction of $615,833.18. Following the sale, the chief executive officer now directly 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.
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