Several analysts have recently updated their ratings and price targets for NutriSystem (NASDAQ: NTRI):
- 3/6/2017 – NutriSystem had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $57.00 price target on the stock.
- 3/2/2017 – NutriSystem was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support. “
- 2/28/2017 – NutriSystem had its price target raised by analysts at Lake Street Capital from $41.00 to $52.00. They now have a “buy” rating on the stock.
- 2/28/2017 – NutriSystem had its price target raised by analysts at B. Riley to $57.00.
- 2/28/2017 – NutriSystem was given a new $60.00 price target on by analysts at Craig Hallum. They now have a “buy” rating on the stock.
- 2/28/2017 – NutriSystem had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $52.00 price target on the stock, up previously from $37.00.
- 2/27/2017 – NutriSystem had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $43.00 price target on the stock.
- 1/27/2017 – NutriSystem was given a new $40.00 price target on by analysts at Craig Hallum. They now have a “buy” rating on the stock.
Shares of NutriSystem Inc. (NASDAQ:NTRI) opened at 53.95 on Tuesday. The company has a 50-day moving average price of $40.72 and a 200-day moving average price of $34.82. NutriSystem Inc. has a 12-month low of $18.76 and a 12-month high of $54.60. The firm has a market capitalization of $1.59 billion, a P/E ratio of 45.34 and a beta of 0.97.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Monday, February 27th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. NutriSystem had a net margin of 5.78% and a return on equity of 43.89%. The firm earned $108.90 million during the quarter, compared to the consensus estimate of $100.20 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts predict that NutriSystem Inc. will post $1.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Thursday, March 9th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, March 7th. NutriSystem’s payout ratio is 67.96%.
In other NutriSystem news, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $35.23, for a total value of $1,056,900.00. Following the completion of the transaction, the insider now directly owns 281,014 shares of the company’s stock, valued at approximately $9,900,123.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jay Herratti sold 7,230 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $48.44, for a total transaction of $350,221.20. Following the completion of the transaction, the director now directly owns 21,107 shares of the company’s stock, valued at $1,022,423.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,710 shares of company stock valued at $4,105,593. Insiders own 2.90% of the company’s stock.
Nutrisystem, Inc (Nutrisystem) 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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