Rhumbline Advisers grew its position in shares of NutriSystem Inc. (NASDAQ:NTRI) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,500 shares of the company’s stock after acquiring an additional 9,850 shares during the quarter. Rhumbline Advisers owned 0.23% of NutriSystem worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Eagle Asset Management Inc. raised its stake in shares of NutriSystem by 9.4% during the 4th quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock worth $114,445,000 after purchasing an additional 189,317 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NutriSystem by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock worth $62,741,000 after purchasing an additional 16,610 shares during the period. Emerald Advisers Inc. PA raised its stake in shares of NutriSystem by 16.9% during the 4th quarter. Emerald Advisers Inc. PA now owns 772,891 shares of the company’s stock worth $40,654,000 after purchasing an additional 111,463 shares during the period. Wells Fargo & Company MN raised its stake in shares of NutriSystem by 81.5% during the 4th quarter. Wells Fargo & Company MN now owns 737,760 shares of the company’s stock worth $38,806,000 after purchasing an additional 331,273 shares during the period. Finally, Copper Rock Capital Partners LLC raised its stake in shares of NutriSystem by 3.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 493,793 shares of the company’s stock worth $26,048,000 after purchasing an additional 17,111 shares during the period.
In other news, insider Keira Krausz sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $50.96, for a total transaction of $254,800.00. Following the sale, the insider now directly owns 75,463 shares in the company, valued at $3,845,594.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dawn M. Zier sold 30,006 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $52.36, for a total value of $1,571,114.16. Following the transaction, the chief executive officer now directly owns 224,659 shares of the company’s stock, valued at approximately $11,763,145.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,831 shares of company stock worth $3,566,319. Company insiders own 2.40% of the company’s stock.
Shares of NutriSystem Inc. (NTRI) opened at $31.55 on Thursday. NutriSystem Inc. has a 52-week low of $28.50 and a 52-week high of $67.95. The firm has a market capitalization of $965.15, a PE ratio of 16.30, a PEG ratio of 0.94 and a beta of 1.03.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. NutriSystem had a return on equity of 48.69% and a net margin of 8.30%. The firm had revenue of $131.20 million for the quarter, compared to analysts’ expectations of $128.75 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. equities analysts expect that NutriSystem Inc. will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from NutriSystem’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. NutriSystem’s dividend payout ratio is currently 52.63%.
A number of equities research analysts have recently commented on NTRI shares. Zacks Investment Research cut NutriSystem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub cut NutriSystem from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. B. Riley set a $52.00 price objective on NutriSystem and gave the company a “buy” rating in a research note on Wednesday, February 28th. Barrington Research cut NutriSystem from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Finally, DA Davidson restated a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.00.
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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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