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.

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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.

About NutriSystem

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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