According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Separately, Vetr downgraded Weight Watchers International from a strong-buy rating to a buy rating and set a $11.83 price target on the stock. in a report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Weight Watchers International has a consensus rating of Hold and an average target price of $18.55.
Shares of Weight Watchers International (NYSE:WTW) opened at 10.25 on Thursday. Weight Watchers International has a 12 month low of $6.68 and a 12 month high of $28.05. The stock’s 50 day moving average price is $10.43 and its 200-day moving average price is $12.37. The company has a market cap of $654.59 million, a P/E ratio of 21.27 and a beta of 3.17.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $310 million for the quarter, compared to the consensus estimate of $318.30 million. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Equities research analysts expect that Weight Watchers International will post $0.94 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Weight Watchers International by 11.1% in the second quarter. Royal Bank of Canada now owns 47,414 shares of the company’s stock worth $551,000 after buying an additional 4,722 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Weight Watchers International by 45.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 578,926 shares of the company’s stock worth $6,733,000 after buying an additional 181,773 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Weight Watchers International during the second quarter worth approximately $381,000. Cubist Systematic Strategies LLC bought a new stake in shares of Weight Watchers International during the second quarter worth approximately $456,000. Finally, AQR Capital Management LLC bought a new stake in shares of Weight Watchers International during the second quarter worth approximately $527,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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