Shares of Nutrisystem Inc. (NASDAQ:NTRI) have received a consensus rating of “Buy” from the seven analysts that are presently covering the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.25.
NTRI has been the subject of several recent research reports. Barrington Research reiterated an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Citigroup Inc. lifted their price target on Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Zacks Investment Research cut Nutrisystem from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Finally, B. Riley reiterated a “buy” rating and issued a $41.00 price target on shares of Nutrisystem in a research report on Wednesday, September 7th.
In related news, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.10, for a total transaction of $652,500.00. Following the completion of the sale, the insider now owns 247,171 shares of the company’s stock, valued at $6,451,163.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total value of $204,750.00. Following the sale, the director now directly owns 40,620 shares of the company’s stock, valued at approximately $1,188,135. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in Nutrisystem by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,062 shares of the company’s stock valued at $103,000 after buying an additional 494 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Nutrisystem during the second quarter valued at about $144,000. Creative Planning raised its stake in shares of Nutrisystem by 138.6% in the third quarter. Creative Planning now owns 7,695 shares of the company’s stock valued at $228,000 after buying an additional 4,470 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Nutrisystem by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,586 shares of the company’s stock valued at $243,000 after buying an additional 4,787 shares during the period. Finally, Capital Growth Management LP purchased a new stake in shares of Nutrisystem during the second quarter valued at about $254,000. 93.71% of the stock is owned by institutional investors.
Nutrisystem (NASDAQ:NTRI) opened at 30.35 on Thursday. The firm has a 50-day moving average price of $29.16 and a 200-day moving average price of $26.47. Nutrisystem has a one year low of $17.25 and a one year high of $30.80. The firm has a market cap of $888.47 million, a PE ratio of 30.02 and a beta of 0.76.
Nutrisystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The business earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. On average, equities analysts expect that Nutrisystem will post $1.11 EPS for the current fiscal year.
Nutrisystem, Inc (Nutrisystem) 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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