According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
Other equities research analysts have also issued research reports about the company. B. Riley reissued a buy rating and set a $41.00 target price on shares of Nutrisystem in a research report on Monday, September 12th. Citigroup Inc. raised their target price on Nutrisystem from $31.00 to $36.00 and gave the stock a neutral rating in a research report on Tuesday, September 13th. Finally, Barrington Research reissued an outperform rating on shares of Nutrisystem in a research report on Sunday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $32.67.
Nutrisystem (NASDAQ:NTRI) opened at 29.79 on Tuesday. The firm has a 50-day moving average price of $28.87 and a 200-day moving average price of $25.83. Nutrisystem has a one year low of $17.25 and a one year high of $30.45. The firm has a market capitalization of $872.07 million, a P/E ratio of 29.47 and a beta of 0.76.
Nutrisystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The business had revenue of $149.80 million for the quarter, compared to analyst estimates of $148.77 million. During the same quarter last year, the company earned $0.41 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts anticipate that Nutrisystem will post $1.11 earnings per share for the current year.
In other Nutrisystem news, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total value of $204,750.00. Following the transaction, the director now directly owns 40,620 shares in the company, valued at approximately $1,188,135. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $28.62, for a total value of $715,500.00. Following the completion of the transaction, the insider now owns 247,171 shares in the company, valued at $7,074,034.02. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in shares of 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 during the period. Mason Street Advisors LLC bought a new position in shares of Nutrisystem during the second quarter valued at $144,000. BNP Paribas Arbitrage SA increased its position 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. Capital Growth Management LP bought a new position in shares of Nutrisystem during the second quarter valued at $254,000. Finally, Victory Capital Management Inc. increased its position in shares of Nutrisystem by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,588 shares of the company’s stock valued at $294,000 after buying an additional 1,731 shares during the period. Institutional investors own 93.77% of the company’s stock.
Nutrisystem Company Profile
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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