NutriSystem Inc (NTRI) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of NutriSystem Inc (NASDAQ:NTRI) from a buy rating to a hold rating in a research note published on Saturday.
Other research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a buy rating and issued a $74.00 price objective on shares of NutriSystem in a report on Friday, July 28th. Barrington Research raised shares of NutriSystem from a market perform rating to an outperform rating and set a $65.00 price objective for the company in a report on Monday, July 31st. DA Davidson reaffirmed a buy rating and issued a $79.00 price objective (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a buy rating in a report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of NutriSystem from a strong-buy rating to a hold rating in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $64.90.
NutriSystem (NASDAQ NTRI) opened at 53.05 on Friday. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The firm’s 50-day moving average price is $55.23 and its 200 day moving average price is $51.02. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 32.87 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts expect that NutriSystem will post $1.91 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.32%. NutriSystem’s dividend payout ratio is currently 43.48%.
In other news, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the completion of the sale, the insider now owns 283,931 shares of the company’s stock, valued at $14,966,003.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 29,100 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total transaction of $1,571,400.00. Following the sale, the insider now directly owns 273,867 shares of the company’s stock, valued at approximately $14,788,818. The disclosure for this sale can be found here. Insiders have sold 99,564 shares of company stock valued at $5,198,709 in the last three months. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NTRI. Navellier & Associates Inc boosted its stake in NutriSystem by 296.2% in the second quarter. Navellier & Associates Inc now owns 24,848 shares of the company’s stock worth $1,293,000 after buying an additional 18,576 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in NutriSystem during the second quarter worth approximately $414,000. Koch Industries Inc. bought a new stake in NutriSystem during the second quarter worth approximately $233,000. Verition Fund Management LLC bought a new stake in NutriSystem during the second quarter worth approximately $283,000. Finally, Piedmont Investment Advisors LLC bought a new stake in NutriSystem during the second quarter worth approximately $337,000. 92.59% of the stock is owned by institutional investors and hedge funds.
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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