NutriSystem Inc (NASDAQ:NTRI) Stock Rating Upgraded by BidaskClub
NutriSystem Inc (NASDAQ:NTRI) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.
Other research analysts also recently issued research reports about the company. Craig Hallum set a $70.00 price target on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research downgraded NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, June 12th. Argus lifted their price objective on NutriSystem from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, DA Davidson reiterated a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a research report on Monday, May 8th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. NutriSystem currently has an average rating of “Buy” and an average price target of $55.80.
NutriSystem (NTRI) traded up 2.110% during midday trading on Wednesday, hitting $59.275. 234,005 shares of the stock were exchanged. The firm has a 50-day moving average price of $52.17 and a 200-day moving average price of $47.30. The stock has a market cap of $1.76 billion, a P/E ratio of 44.005 and a beta of 1.11. NutriSystem has a one year low of $25.82 and a one year high of $59.70.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. The business had revenue of $212.68 million during the quarter, compared to the consensus estimate of $202.87 million. NutriSystem had a return on equity of 44.63% and a net margin of 6.78%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. On average, equities research analysts anticipate that NutriSystem will post $1.69 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “NutriSystem Inc (NASDAQ:NTRI) Stock Rating Upgraded by BidaskClub” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/07/21/nutrisystem-inc-nasdaqntri-stock-rating-upgraded-by-bidaskclub.html.
In other news, CFO Michael P. Monahan sold 5,000 shares of NutriSystem stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $50.56, for a total value of $252,800.00. Following the transaction, the chief financial officer now directly owns 40,238 shares of the company’s stock, valued at approximately $2,034,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Tierney sold 2,147 shares of NutriSystem stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $48.61, for a total value of $104,365.67. The disclosure for this sale can be found here. Insiders sold a total of 118,654 shares of company stock valued at $6,030,384 in the last 90 days. 2.40% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new position in NutriSystem during the first quarter valued at $104,000. Meeder Asset Management Inc. purchased a new position in NutriSystem during the second quarter valued at $106,000. Endurance Wealth Management Inc. purchased a new position in NutriSystem during the first quarter valued at $111,000. FNY Partners Fund LP purchased a new position in NutriSystem during the first quarter valued at $111,000. Finally, Ameritas Investment Partners Inc. purchased a new position in NutriSystem during the first quarter valued at $130,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related companies with MarketBeat.com's FREE daily email newsletter.