Wellington Management Group LLP acquired a new stake in shares of NutriSystem Inc (NASDAQ:NTRI) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,076 shares of the company’s stock, valued at approximately $1,669,000. Wellington Management Group LLP owned 0.10% of NutriSystem at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of NutriSystem by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,095,389 shares of the company’s stock valued at $37,956,000 after buying an additional 6,945 shares during the last quarter. State Street Corp raised its stake in shares of NutriSystem by 2.4% in the fourth quarter. State Street Corp now owns 756,772 shares of the company’s stock valued at $26,219,000 after buying an additional 18,016 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of NutriSystem by 153.5% in the first quarter. Prudential Financial Inc. now owns 750,047 shares of the company’s stock valued at $41,627,000 after buying an additional 454,150 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NutriSystem by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 496,498 shares of the company’s stock valued at $27,555,000 after buying an additional 16,044 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of NutriSystem by 107.7% in the first quarter. Acadian Asset Management LLC now owns 488,856 shares of the company’s stock valued at $27,132,000 after buying an additional 253,484 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.
Shares of NutriSystem Inc (NASDAQ:NTRI) opened at 56.45 on Friday. The stock’s 50 day moving average is $53.70 and its 200-day moving average is $48.27. NutriSystem Inc has a 12-month low of $26.90 and a 12-month high of $67.95. The company has a market capitalization of $1.67 billion, a P/E ratio of 41.91 and a beta of 1.11.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business’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. Analysts anticipate that NutriSystem Inc will post $1.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.24%. NutriSystem’s payout ratio is 43.48%.
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Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $64.00 price target on shares of NutriSystem in a research note on Monday, May 8th. Craig Hallum set a $80.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday. Sidoti upgraded shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, June 12th. B. Riley reiterated a “buy” rating and issued a $74.00 price objective on shares of NutriSystem in a research note on Friday. Finally, BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. NutriSystem has a consensus rating of “Buy” and a consensus price target of $60.60.
In other NutriSystem news, insider Dawn M. Zier sold 29,910 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $50.65, for a total value of $1,514,941.50. Following the transaction, the insider now directly owns 261,824 shares in the company, valued at $13,261,385.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the completion of the transaction, the insider now owns 283,931 shares in the company, valued at $14,966,003.01. The disclosure for this sale can be found here. Insiders have sold 118,654 shares of company stock worth $6,030,384 over the last 90 days. Insiders own 2.40% of the company’s stock.
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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