Today: The Vetr Inc. lowers the Stock rating of Weight Watchers International Inc. (WTW)

The Vetr Inc. lowers the Stock rating of Weight Watchers International Inc. (WTW)

Vetr lowered shares of Weight Watchers International Inc. (NYSE:WTW) from a strong-buy rating to a hold rating in a report published on Wednesday morning. Vetr currently has $10.24 target price on the stock.

Separately, Zacks Investment Research upgraded Weight Watchers International from a sell rating to a hold rating in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Weight Watchers International has a consensus rating of Hold and a consensus price target of $18.32.

Shares of Weight Watchers International (NYSE:WTW) opened at 10.19 on Wednesday. The firm has a market capitalization of $650.75 million, a P/E ratio of 21.14 and a beta of 3.17. Weight Watchers International has a one year low of $9.37 and a one year high of $28.05. The company’s 50 day moving average price is $10.33 and its 200 day moving average price is $12.24.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $310 million for the quarter, compared to the consensus estimate of $318.30 million. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. On average, analysts expect that Weight Watchers International will post $0.94 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. increased its stake in shares of Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock worth $11,624,000 after buying an additional 400,000 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of Weight Watchers International during the first quarter worth $3,233,000. Canada Pension Plan Investment Board increased its stake in shares of Weight Watchers International by 6,061.1% in the first quarter. Canada Pension Plan Investment Board now owns 110,900 shares of the company’s stock worth $1,611,000 after buying an additional 109,100 shares during the period. Royal Bank of Canada increased its stake in shares of Weight Watchers International by 86.4% in the first quarter. Royal Bank of Canada now owns 42,692 shares of the company’s stock worth $620,000 after buying an additional 19,784 shares during the period. Finally, Seven Eight Capital LLC increased its stake in shares of Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock worth $139,000 after buying an additional 5,826 shares during the period. Institutional investors and hedge funds own 91.93% of the company’s stock.

About Weight Watchers International

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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