NutriSystem Inc (NASDAQ:NTRI) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Stockholders of record on Monday, August 7th will be given a dividend of 0.175 per share on Thursday, August 17th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.11%.
NutriSystem (NTRI) traded up 2.11% during mid-day trading on Wednesday, hitting $62.95. 575,115 shares of the stock were exchanged. NutriSystem has a 52 week low of $25.82 and a 52 week high of $63.60. The company has a 50 day moving average price of $52.59 and a 200 day moving average price of $47.75. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 46.73 and a beta of 1.11.
NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The firm had revenue of $212.68 million during the quarter, compared to analysts’ expectations of $202.87 million. NutriSystem had a return on equity of 44.63% and a net margin of 6.78%. The company’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Analysts expect that NutriSystem will post $1.69 EPS for the current fiscal year.
In other news, Director Brian Tierney sold 2,147 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $48.61, for a total value of $104,365.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dawn M. Zier sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $49.65, for a total value of $1,489,500.00. Following the completion of the sale, the insider now directly owns 217,289 shares of the company’s stock, valued at $10,788,398.85. The disclosure for this sale can be found here. Insiders sold 118,654 shares of company stock valued at $6,030,384 over the last three months. 2.40% of the stock is owned by company insiders.
NTRI has been the subject of a number of recent analyst reports. Wunderlich cut NutriSystem from a “buy” rating to a “hold” rating and upped their target price for the stock from $52.00 to $60.00 in a research report on Thursday, April 27th. Sidoti cut NutriSystem from a “buy” rating to a “neutral” rating in a research report on Monday, April 3rd. DA Davidson reaffirmed a “buy” rating and set a $64.00 target price on shares of NutriSystem in a research report on Monday, May 8th. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, April 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $64.00 target price (up previously from $52.00) on shares of NutriSystem in a research report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. NutriSystem has a consensus rating of “Buy” and a consensus target price of $55.80.
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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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