Vetr upgraded shares of Weight Watchers International Inc. (NYSE:WTW) from a buy rating to a strong-buy rating in a research note released on Monday. Vetr currently has $11.83 price target on the stock.
Separately, Zacks Investment Research upgraded Weight Watchers International from a sell rating to a hold rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $18.32.
Shares of Weight Watchers International (NYSE:WTW) opened at 10.28 on Monday. Weight Watchers International has a 52-week low of $6.68 and a 52-week high of $28.05. The stock’s 50 day moving average price is $10.39 and its 200-day moving average price is $12.34. The firm has a market cap of $656.50 million, a price-to-earnings ratio of 21.33 and a beta of 3.17.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The firm had revenue of $310 million for the quarter, compared to analyst estimates of $318.30 million. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, analysts forecast that Weight Watchers International will post $0.94 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of WTW. Royal Bank of Canada increased its position in 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 period. Caisse DE Depot ET Placement DU Quebec increased its position in 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 period. Highbridge Capital Management LLC purchased a new position in Weight Watchers International during the second quarter worth $381,000. Cubist Systematic Strategies LLC purchased a new position in Weight Watchers International during the second quarter worth $456,000. Finally, AQR Capital Management LLC purchased a new position in Weight Watchers International during the second quarter worth $527,000. 91.90% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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