NutriSystem Inc (NTRI) Receives Average Rating of “Buy” from Brokerages

Shares of NutriSystem Inc (NASDAQ:NTRI) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $67.44.

NTRI has been the subject of several research analyst reports. Craig Hallum set a $80.00 price objective on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub raised NutriSystem from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Lake Street Capital set a $73.00 price objective on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Saturday, October 28th. Finally, B. Riley set a $74.00 price objective on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th.

NutriSystem (NASDAQ NTRI) traded up $0.85 on Thursday, hitting $47.70. The stock had a trading volume of 321,500 shares, compared to its average volume of 500,913. The company has a market cap of $1,440.00, a P/E ratio of 25.60, a PEG ratio of 1.31 and a beta of 1.05. NutriSystem has a 52 week low of $31.60 and a 52 week high of $67.95.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $158.10 million during the quarter, compared to the consensus estimate of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. sell-side analysts forecast that NutriSystem will post 1.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders 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 annualized dividend and a yield of 1.47%. NutriSystem’s dividend payout ratio (DPR) is 37.84%.

NutriSystem declared that its board has approved a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other NutriSystem 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 transaction, the insider now owns 214,646 shares of the company’s stock, valued at approximately $11,219,546.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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. In the last ninety days, insiders sold 62,255 shares of company stock valued at $3,332,250. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NTRI. BlackRock Inc. raised its holdings in NutriSystem by 114,552.3% in the 1st quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock valued at $197,259,000 after acquiring an additional 3,551,122 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NutriSystem by 50.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after buying an additional 823,221 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of NutriSystem by 73.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after buying an additional 552,420 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of NutriSystem by 102.5% in the 2nd 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 in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in shares of NutriSystem by 502.9% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 308,283 shares of the company’s stock worth $17,233,000 after buying an additional 257,150 shares in the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

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NutriSystem Company Profile

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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