Nutrisystem Inc. (NASDAQ:NTRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
Several other analysts have also commented on the company. Citigroup Inc. increased their price objective on Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, September 13th. B. Riley reissued a “buy” rating and issued a $41.00 target price on shares of Nutrisystem in a research report on Monday, September 12th. Finally, Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.67.
Shares of Nutrisystem (NASDAQ:NTRI) traded down 0.92% during mid-day trading on Tuesday, hitting $30.03. The company had a trading volume of 173,289 shares. The company has a 50-day moving average price of $28.96 and a 200-day moving average price of $25.97. The company has a market capitalization of $879.10 million, a price-to-earnings ratio of 29.70 and a beta of 0.76. Nutrisystem has a 1-year low of $17.25 and a 1-year high of $30.57.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The firm earned $149.80 million during the quarter, compared to analyst estimates of $148.77 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts anticipate that Nutrisystem will post $1.11 EPS for the current year.
In other Nutrisystem news, CMO Keira Krausz sold 20,000 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $26.26, for a total transaction of $525,200.00. Following the sale, the chief marketing officer now directly owns 92,362 shares of the company’s stock, valued at approximately $2,425,426.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Tierney sold 7,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total value of $204,750.00. Following the sale, the director now directly owns 40,620 shares in the company, valued at $1,188,135. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Mason Street Advisors LLC acquired a new stake in Nutrisystem during the second quarter worth approximately $144,000. Schwab Charles Investment Management Inc. boosted its stake in Nutrisystem by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 149,419 shares of the company’s stock worth $3,790,000 after buying an additional 2,219 shares during the period. Elk Creek Partners LLC boosted its stake in Nutrisystem by 62.9% in the second quarter. Elk Creek Partners LLC now owns 364,382 shares of the company’s stock worth $9,241,000 after buying an additional 140,637 shares during the period. Arizona State Retirement System boosted its stake in Nutrisystem by 0.7% in the second quarter. Arizona State Retirement System now owns 15,117 shares of the company’s stock worth $383,000 after buying an additional 100 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in Nutrisystem during the second quarter worth approximately $404,000. 93.77% of the stock is currently owned by institutional investors.
Nutrisystem Company Profile
Nutrisystem, Inc (Nutrisystem) 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.