“We had previewed an in line or better print and highlighted management’s increased visibility into 2H, which may have disappointed some who were expecting a much stronger beat like we saw the first two quarters this year that benefited from positive volatility from new customer acquisitions that are weighted toward the beginning of the year. Trading around NTRI’s print can be wild, but the stock sold off sharply after hours, which could potentially present a buying opportunity following strong quarterly results and guide up for the full year. The response appears to be all too similar to Q2.”,” B. Riley’s analyst wrote.
Several other research analysts have also commented on NTRI. Craig Hallum set a $70.00 price target on NutriSystem and gave the stock a buy rating in a research report on Tuesday, July 18th. BidaskClub upgraded NutriSystem from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. DA Davidson restated a buy rating and set a $64.00 target price on shares of NutriSystem in a research note on Monday, July 24th. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a buy rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded NutriSystem from a hold rating to a strong-buy rating and set a $64.00 target price on the stock in a research note on Saturday, July 29th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. NutriSystem currently has an average rating of Buy and a consensus target price of $67.44.
NutriSystem (NASDAQ:NTRI) opened at $46.85 on Thursday. The firm has a market capitalization of $1,407.35, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05. NutriSystem has a 1-year low of $31.60 and a 1-year high of $67.95.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. NutriSystem’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. analysts forecast that NutriSystem will post 1.95 earnings per share for the current year.
NutriSystem declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.49%. NutriSystem’s payout ratio is 38.25%.
In other news, insider Dawn M. Zier sold 30,121 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total value of $1,574,424.67. Following the completion of the sale, the insider now directly owns 214,646 shares in the company, valued at $11,219,546.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay Herratti sold 3,799 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total value of $227,940.00. The disclosure for this sale can be found here. Insiders have sold 62,255 shares of company stock valued at $3,332,250 in the last three months. Insiders own 2.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of NTRI. BlackRock Inc. grew its position in NutriSystem by 114,552.3% in the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after acquiring an additional 3,551,122 shares during the period. Vanguard Group Inc. grew its position in NutriSystem by 50.3% in the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after acquiring an additional 823,221 shares during the period. Prudential Financial Inc. grew its position in NutriSystem by 73.7% in the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after acquiring an additional 552,420 shares during the period. Copper Rock Capital Partners LLC boosted its position in shares of NutriSystem by 74.5% during the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock worth $43,088,000 after buying an additional 530,805 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of NutriSystem by 102.5% during the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock worth $51,518,000 after buying an additional 500,907 shares during the period. Institutional investors own 92.48% of the company’s stock.
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.
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