Somewhat Positive Media Coverage Somewhat Unlikely to Impact NutriSystem (NTRI) Stock Price
Media stories about NutriSystem (NASDAQ:NTRI) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NutriSystem earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.266992270682 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
NutriSystem (NASDAQ:NTRI) opened at $47.85 on Friday. NutriSystem has a 12 month low of $31.60 and a 12 month high of $67.95. The stock has a market cap of $1,426.87, a P/E ratio of 25.96, a P/E/G ratio of 1.33 and a beta of 1.05.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to the consensus estimate of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. analysts expect that NutriSystem will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a dividend of $0.175 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.70 annualized dividend and a dividend yield of 1.46%. NutriSystem’s dividend payout ratio is presently 38.25%.
NutriSystem announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
NTRI has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a research note on Monday, July 24th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Craig Hallum set a $80.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. B. Riley reissued a “buy” rating and issued a $74.00 price objective on shares of NutriSystem in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research note on Saturday, July 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $67.44.
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In other news, Director Jay Herratti sold 3,799 shares of NutriSystem stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total value of $227,940.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert F. Bernstock sold 7,000 shares of NutriSystem stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $53.26, for a total transaction of $372,820.00. Following the completion of the transaction, the director now directly owns 25,350 shares in the company, valued at $1,350,141. The disclosure for this sale can be found here. Insiders have sold a total of 62,255 shares of company stock valued at $3,332,250 in the last 90 days. Insiders own 2.40% of the company’s stock.
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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