NutriSystem (NASDAQ:NTRI) had its price target hoisted by analysts at DA Davidson from $43.00 to $45.00 in a report released on Wednesday, May 30th. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 23.46% from the company’s current price. DA Davidson also issued estimates for NutriSystem’s FY2019 earnings at $2.48 EPS. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently commented on NTRI. BidaskClub upgraded NutriSystem from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. B. Riley set a $52.00 price target on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Barrington Research cut NutriSystem from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Lake Street Capital restated a “buy” rating and set a $48.00 price target (down previously from $73.00) on shares of NutriSystem in a research note on Tuesday, February 27th. Finally, Craig Hallum cut their price target on NutriSystem from $80.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. NutriSystem presently has a consensus rating of “Hold” and a consensus price target of $48.71.
Shares of NutriSystem opened at $36.45 on Wednesday, according to MarketBeat Ratings. NutriSystem has a twelve month low of $26.06 and a twelve month high of $67.95. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.99 and a beta of 1.17.
A number of large investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. raised its position in NutriSystem by 23.2% in the fourth quarter. Brown Advisory Inc. now owns 10,012 shares of the company’s stock worth $527,000 after acquiring an additional 1,886 shares in the last quarter. Principal Financial Group Inc. grew its holdings in NutriSystem by 0.8% in the first quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock valued at $6,749,000 after purchasing an additional 2,095 shares during the last quarter. Swiss National Bank grew its holdings in NutriSystem by 4.8% in the first quarter. Swiss National Bank now owns 52,400 shares of the company’s stock valued at $1,412,000 after purchasing an additional 2,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in NutriSystem by 31.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the company’s stock valued at $776,000 after purchasing an additional 3,530 shares during the last quarter. Finally, Advisors Preferred LLC grew its holdings in NutriSystem by 1,160.4% in the first quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock valued at $107,000 after purchasing an additional 3,667 shares during the last quarter.
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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