Craig Hallum set a $80.00 target price on NutriSystem Inc (NASDAQ:NTRI) in a report published on Thursday morning. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently weighed in on NTRI. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a buy rating in a research report on Thursday. DA Davidson reiterated a buy rating and issued a $64.00 price objective on shares of NutriSystem in a research report on Monday, July 24th. BidaskClub upgraded shares of NutriSystem from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. Wunderlich downgraded shares of NutriSystem from a buy rating to a hold rating and upped their price objective for the stock from $52.00 to $60.00 in a research report on Thursday, April 27th. Finally, Sidoti downgraded shares of NutriSystem from a buy rating to a neutral rating in a research report on Monday, April 3rd. Three investment 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. The company currently has a consensus rating of Buy and an average price target of $62.10.
NutriSystem (NASDAQ:NTRI) traded up 1.90% during trading on Thursday, hitting $56.45. The stock had a trading volume of 1,190,804 shares. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 41.51 and a beta of 1.11. NutriSystem has a 12 month low of $26.90 and a 12 month high of $67.95. The firm has a 50 day moving average of $53.70 and a 200-day moving average of $48.27.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $194.90 million during the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities analysts predict that NutriSystem will post $1.84 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.24%. NutriSystem’s dividend payout ratio is currently 43.48%.
In other news, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 283,931 shares of the company’s stock, valued at $14,966,003.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.14, for a total transaction of $255,700.00. Following the sale, the chief financial officer now directly owns 49,598 shares of the company’s stock, valued at approximately $2,536,441.72. The disclosure for this sale can be found here. Insiders have sold 118,654 shares of company stock valued at $6,030,384 in the last three months. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in NutriSystem by 8.9% in the first quarter. Mason Street Advisors LLC now owns 6,987 shares of the company’s stock worth $388,000 after buying an additional 570 shares in the last quarter. State Street Corp boosted its stake in NutriSystem by 2.4% in the fourth quarter. State Street Corp now owns 756,772 shares of the company’s stock worth $26,219,000 after buying an additional 18,016 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in NutriSystem during the first quarter worth approximately $240,000. Acadian Asset Management LLC boosted its stake in NutriSystem by 107.7% in the first quarter. Acadian Asset Management LLC now owns 488,856 shares of the company’s stock worth $27,132,000 after buying an additional 253,484 shares in the last quarter. Finally, Capital Growth Management LP bought a new stake in NutriSystem during the first quarter worth approximately $2,220,000. 92.56% of the stock is owned by institutional investors and hedge funds.
About NutriSystem
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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