Alps Advisors Inc. increased its position in shares of Nutrisystem (NASDAQ:NTRI) by 67.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,047 shares of the company’s stock after purchasing an additional 6,060 shares during the quarter. Alps Advisors Inc. owned 0.05% of Nutrisystem worth $406,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Nutrisystem by 294.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,544 shares of the company’s stock worth $958,000 after buying an additional 26,543 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in Nutrisystem during the first quarter worth $539,000. MetLife Investment Advisors LLC purchased a new position in Nutrisystem during the fourth quarter worth $750,000. Gotham Asset Management LLC increased its position in Nutrisystem by 17.3% during the fourth quarter. Gotham Asset Management LLC now owns 319,747 shares of the company’s stock worth $16,819,000 after buying an additional 47,073 shares in the last quarter. Finally, Park West Asset Management LLC increased its position in Nutrisystem by 207.4% during the fourth quarter. Park West Asset Management LLC now owns 415,000 shares of the company’s stock worth $21,829,000 after buying an additional 280,000 shares in the last quarter.
Several equities analysts have weighed in on NTRI shares. Argus downgraded Nutrisystem from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. B. Riley set a $52.00 price target on Nutrisystem and gave the stock a “buy” rating in a research report on Wednesday, February 28th. BidaskClub downgraded Nutrisystem from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, May 9th. Finally, Barrington Research downgraded Nutrisystem from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $49.38.
Shares of NASDAQ:NTRI opened at $33.40 on Friday. The firm has a market capitalization of $968.50 million, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. Nutrisystem has a 52 week low of $32.95 and a 52 week high of $33.45.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings data on Monday, April 30th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $206.85 million. Nutrisystem had a return on equity of 42.69% and a net margin of 7.65%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. analysts expect that Nutrisystem will post 2.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, May 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, May 9th. Nutrisystem’s dividend payout ratio is currently 51.02%.
Nutrisystem Company Profile
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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