Craig Hallum Reiterates “$70.00” Price Target for NutriSystem Inc (NASDAQ:NTRI)

NutriSystem Inc (NASDAQ:NTRI) received a $70.00 price target from stock analysts at Craig Hallum in a research note issued on Tuesday, July 18th. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s price target suggests a potential upside of 31.09% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $64.00 price target on shares of NutriSystem in a research note on Monday, May 8th. Sidoti raised NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, June 12th. BidaskClub raised NutriSystem from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded NutriSystem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Barrington Research downgraded NutriSystem from an “outperform” rating to a “market perform” rating in a report on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.90.

Shares of NutriSystem (NASDAQ:NTRI) opened at 53.40 on Tuesday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 33.09 and a beta of 1.13. NutriSystem has a 1-year low of $26.90 and a 1-year high of $67.95. The company’s 50 day moving average is $54.16 and its 200-day moving average is $48.76.

NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. During the same period in the prior year, the company posted $0.54 EPS. NutriSystem’s quarterly revenue was up 30.1% on a year-over-year basis. Equities analysts anticipate that NutriSystem will post $1.88 earnings per share for the current fiscal year.

In related news, CFO Michael P. Monahan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total transaction of $250,150.00. Following the completion of the sale, the chief financial officer now owns 37,743 shares in the company, valued at approximately $1,888,282.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Keira Krausz sold 5,554 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $49.58, for a total value of $275,367.32. Following the sale, the insider now owns 61,067 shares of the company’s stock, valued at approximately $3,027,701.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,464 shares of company stock worth $5,366,959. Insiders own 2.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of NutriSystem by 7.5% in the first quarter. Nationwide Fund Advisors now owns 57,374 shares of the company’s stock worth $3,184,000 after buying an additional 4,014 shares in the last quarter. Navellier & Associates Inc purchased a new stake in shares of NutriSystem during the first quarter worth approximately $348,000. State of Alaska Department of Revenue increased its stake in shares of NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $183,000 after buying an additional 100 shares in the last quarter. Huntington National Bank purchased a new stake in shares of NutriSystem during the first quarter worth approximately $104,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of NutriSystem by 3.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $677,000 after buying an additional 400 shares in the last quarter. Institutional investors own 94.96% 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.