Dawn M. Zier Sells 29,910 Shares of NutriSystem Inc (NTRI) Stock
NutriSystem Inc (NASDAQ:NTRI) insider Dawn M. Zier sold 29,910 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $50.65, for a total transaction of $1,514,941.50. Following the transaction, the insider now owns 261,824 shares of the company’s stock, valued at approximately $13,261,385.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NutriSystem Inc (NASDAQ:NTRI) opened at 50.40 on Tuesday. The stock’s 50 day moving average is $50.24 and its 200 day moving average is $44.62. The stock has a market cap of $1.49 billion, a P/E ratio of 37.42 and a beta of 1.15. NutriSystem Inc has a 12 month low of $22.97 and a 12 month high of $57.50.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $212.68 million for the quarter, compared to analysts’ expectations of $202.87 million. NutriSystem had a return on equity of 44.63% and a net margin of 6.78%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. Analysts predict that NutriSystem Inc will post $1.69 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. FNY Partners Fund LP bought a new stake in NutriSystem during the first quarter worth about $111,000. Credit Suisse AG boosted its stake in shares of NutriSystem by 43.5% in the first quarter. Credit Suisse AG now owns 95,314 shares of the company’s stock worth $5,290,000 after buying an additional 28,916 shares in the last quarter. Caxton Associates LP bought a new stake in shares of NutriSystem during the first quarter worth $283,000. State Street Corp boosted its stake in shares of NutriSystem by 1.1% in the first quarter. State Street Corp now owns 764,883 shares of the company’s stock worth $42,454,000 after buying an additional 8,111 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of NutriSystem during the first quarter worth $226,000. Institutional investors own 93.02% of the company’s stock.
Several analysts have recently weighed in on NTRI shares. Barrington Research downgraded shares of NutriSystem from an “outperform” rating to a “market perform” rating in a research report on Friday, March 24th. Lake Street Capital boosted their price objective on shares of NutriSystem from $41.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Zacks Investment Research upgraded shares of NutriSystem from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, March 2nd. Wunderlich restated a “buy” rating and set a $52.00 price objective (up previously from $37.00) on shares of NutriSystem in a research report on Tuesday, February 28th. Finally, Sidoti downgraded shares of NutriSystem from a “buy” rating to a “neutral” rating in a research report on Monday, April 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.80.
NutriSystem Company Profile
Nutrisystem, Inc 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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