NutriSystem Inc (NASDAQ:NTRI) Earns Buy Rating from DA Davidson

NutriSystem Inc (NASDAQ:NTRI)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research note issued to investors on Sunday, July 30th. They currently have a $79.00 price target on the stock, up from their previous price target of $64.00. DA Davidson’s price objective suggests a potential upside of 46.43% from the stock’s current price. DA Davidson also issued estimates for NutriSystem’s Q3 2017 earnings at $0.45 EPS, FY2017 earnings at $1.90 EPS and FY2018 earnings at $2.25 EPS.

A number of other brokerages have also recently commented on NTRI. Craig Hallum set a $80.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Sidoti upgraded shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, June 12th. B. Riley reissued a “buy” rating and issued a $74.00 price objective on shares of NutriSystem in a research report on Friday, July 28th. BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.90.

NutriSystem (NASDAQ NTRI) traded down 1.55% during midday trading on Friday, reaching $53.95. The company’s stock had a trading volume of 507,714 shares. The stock has a market capitalization of $1.61 billion, a PE ratio of 33.43 and a beta of 1.13. The firm’s 50-day moving average price is $54.77 and its 200-day moving average price is $49.53. NutriSystem has a 52 week low of $26.90 and a 52 week high of $67.95.

NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data 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. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The company had revenue of $194.90 million during the quarter, compared to the consensus estimate of $180.75 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. On average, analysts anticipate that NutriSystem will post $1.91 earnings per share for the current year.

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In other news, insider Keira Krausz sold 5,554 shares of NutriSystem stock in a transaction 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 completion of the sale, the insider now owns 61,067 shares in the company, valued at approximately $3,027,701.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael P. Monahan sold 5,000 shares of NutriSystem stock in a transaction on Wednesday, May 24th. The shares were 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 of the company’s stock, valued at approximately $1,888,282.29. The disclosure for this sale can be found here. Insiders sold a total of 104,564 shares of company stock worth $5,448,859 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank bought a new stake in NutriSystem during the first quarter valued at $104,000. Endurance Wealth Management Inc. acquired a new stake in shares of NutriSystem during the first quarter worth approximately $111,000. FNY Partners Fund LP acquired a new stake in shares of NutriSystem during the first quarter worth approximately $111,000. Meeder Asset Management Inc. acquired a new stake in shares of NutriSystem during the second quarter worth approximately $106,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of NutriSystem during the first quarter worth approximately $130,000. Institutional investors own 94.79% of the company’s stock.

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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