Rice Hall James & Associates LLC acquired a new position in Nutrisystem Inc. (NASDAQ:NTRI) during the second quarter, Holdings Channel reports. The firm acquired 64,516 shares of the company’s stock, valued at approximately $1,636,000.
Several other hedge funds have also added to or reduced their stakes in NTRI. BNP Paribas Arbitrage SA raised its stake in Nutrisystem by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,586 shares of the company’s stock valued at $243,000 after buying an additional 4,787 shares in the last quarter. Palo Capital Inc. purchased a new stake in Nutrisystem during the second quarter valued at approximately $370,000. Capstone Asset Management Co. raised its stake in Nutrisystem by 20.0% in the second quarter. Capstone Asset Management Co. now owns 16,246 shares of the company’s stock valued at $412,000 after buying an additional 2,710 shares in the last quarter. Integre Asset Management LLC purchased a new stake in Nutrisystem during the first quarter valued at approximately $550,000. Finally, BlackRock Group LTD raised its stake in Nutrisystem by 8.2% in the first quarter. BlackRock Group LTD now owns 40,297 shares of the company’s stock valued at $840,000 after buying an additional 3,042 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Nutrisystem Inc. (NASDAQ:NTRI) traded down 0.92% during trading on Friday, reaching $30.03. 173,289 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $28.96 and its 200-day moving average price is $25.97. The stock has a market cap of $879.10 million, a P/E ratio of 29.70 and a beta of 0.76. Nutrisystem Inc. has a one year low of $17.25 and a one year high of $30.57.
Nutrisystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. The business earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a net margin of 5.87% and a return on equity of 45.65%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities analysts anticipate that Nutrisystem Inc. will post $1.11 earnings per share for the current fiscal year.
Several analysts recently commented on NTRI shares. Zacks Investment Research lowered shares of Nutrisystem from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Barrington Research restated an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Citigroup Inc. raised their price target on shares of Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Finally, B. Riley restated a “buy” rating and set a $41.00 price target on shares of Nutrisystem in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.67.
In related news, insider Dawn M. Zier sold 25,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $26.10, for a total value of $652,500.00. Following the completion of the sale, the insider now owns 247,171 shares in the company, valued at approximately $6,451,163.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Keira Krausz sold 20,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $26.26, for a total transaction of $525,200.00. Following the completion of the sale, the chief marketing officer now owns 92,362 shares of the company’s stock, valued at approximately $2,425,426.12. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
Nutrisystem Company Profile
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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