Teacher Retirement System of Texas Takes Position in NutriSystem Inc. (NTRI)
Teacher Retirement System of Texas purchased a new stake in shares of NutriSystem Inc. (NASDAQ:NTRI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,127 shares of the company’s stock, valued at approximately $236,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA lifted its position in shares of NutriSystem by 68.9% during the first quarter. Federated Investors Inc. PA now owns 179,915 shares of the company’s stock valued at $4,849,000 after buying an additional 73,389 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of NutriSystem during the second quarter valued at about $394,000. First Mercantile Trust Co. purchased a new stake in shares of NutriSystem during the second quarter valued at about $119,000. Guggenheim Capital LLC lifted its position in shares of NutriSystem by 8.3% during the first quarter. Guggenheim Capital LLC now owns 56,018 shares of the company’s stock valued at $1,509,000 after buying an additional 4,308 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of NutriSystem by 4.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 148,979 shares of the company’s stock valued at $4,015,000 after buying an additional 6,204 shares during the last quarter.
In related news, Director Jay Herratti sold 1,930 shares of the stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $40.00, for a total value of $77,200.00. Following the transaction, the director now owns 21,504 shares in the company, valued at approximately $860,160. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael P. Monahan sold 20,000 shares of the stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.03, for a total transaction of $800,600.00. Following the completion of the transaction, the chief financial officer now owns 72,513 shares in the company, valued at approximately $2,902,695.39. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. NutriSystem had a net margin of 7.94% and a return on equity of 43.29%. The firm had revenue of $191.30 million for the quarter, compared to the consensus estimate of $189.07 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. sell-side analysts forecast that NutriSystem Inc. will post 2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 20th. Stockholders of record on Thursday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.75%. NutriSystem’s dividend payout ratio (DPR) is currently 51.02%.
Several analysts have commented on the stock. ValuEngine lowered shares of NutriSystem from a “sell” rating to a “strong sell” rating in a research report on Friday, August 24th. BidaskClub lowered shares of NutriSystem from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 2nd. Barrington Research reissued a “hold” rating on shares of NutriSystem in a research report on Wednesday, August 1st. Finally, B. Riley increased their price target on shares of NutriSystem from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. NutriSystem presently has an average rating of “Hold” and a consensus target price of $46.50.
NutriSystem Company Profile
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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