NutriSystem Inc (NASDAQ:NTRI) received a $73.00 target price from research analysts at Lake Street Capital in a report released on Thursday. The firm currently has a “buy” rating on the stock. Lake Street Capital’s target price indicates a potential upside of 29.32% from the stock’s current price.
Several other brokerages have also issued reports on NTRI. Wunderlich lowered NutriSystem from a “buy” rating to a “hold” rating and increased their price target for the stock from $52.00 to $60.00 in a report on Thursday, April 27th. BidaskClub downgraded NutriSystem from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Craig Hallum set a $70.00 price objective on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, April 27th. Argus increased their price objective on NutriSystem from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, Zacks Investment Research downgraded NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. NutriSystem presently has an average rating of “Buy” and a consensus price target of $60.60.
Shares of NutriSystem (NASDAQ NTRI) traded up 1.90% during midday trading on Thursday, reaching $56.45. The company had a trading volume of 1,190,804 shares. The stock has a market capitalization of $1.68 billion, a PE ratio of 34.98 and a beta of 1.11. The stock’s 50 day moving average is $53.70 and its 200-day moving average is $48.27. NutriSystem has a 12-month low of $26.90 and a 12-month high of $67.95.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts predict that NutriSystem will post $1.84 earnings per share for the current fiscal year.
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In other NutriSystem news, Director Brian Tierney sold 2,147 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $48.61, for a total transaction of $104,365.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $50.56, for a total value of $252,800.00. Following the transaction, the chief financial officer now directly owns 40,238 shares of the company’s stock, valued at $2,034,433.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,654 shares of company stock valued at $6,030,384. 2.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its position in NutriSystem by 0.9% in the second quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock worth $1,136,000 after buying an additional 199 shares during the last quarter. Spark Investment Management LLC raised its position in NutriSystem by 392.8% in the second quarter. Spark Investment Management LLC now owns 89,200 shares of the company’s stock worth $4,642,000 after buying an additional 71,100 shares during the last quarter. Great West Life Assurance Co. Can raised its position in NutriSystem by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 44,055 shares of the company’s stock worth $2,293,000 after buying an additional 1,500 shares during the last quarter. Strs Ohio raised its position in NutriSystem by 3.7% in the second quarter. Strs Ohio now owns 19,400 shares of the company’s stock worth $1,009,000 after buying an additional 700 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in NutriSystem by 102.5% in the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock worth $51,518,000 after buying an additional 500,907 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.
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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