Zacks Investment Research Lowers NutriSystem (NTRI) to Hold

Zacks Investment Research cut shares of NutriSystem (NASDAQ:NTRI) from a buy rating to a hold rating in a report published on Tuesday.

According to Zacks, “Nutrisystem, Inc. is a leader in the weight loss industry, having helped millions of people loses weight. From the flagship Nutrisystem brand comes the clinically-tested Nutrisystem Lean13 program, designed to deliver weight loss of up to 13 pounds and seven inches in the first month. South Beach Diet became an all-new structured meal delivery weight-loss program following the acquisition of the brand. Additional Nutrisystem branded weight-loss products include Fast 5 and Turbo 10, as well as multi-day kits and individual products at select retail outlets. “

NTRI has been the topic of several other research reports. Lake Street Capital set a $73.00 price target on NutriSystem and gave the company a buy rating in a research note on Thursday, October 26th. B. Riley set a $74.00 price target on NutriSystem and gave the company a buy rating in a research note on Thursday, October 26th. Finally, DA Davidson reaffirmed a buy rating and issued a $80.00 price target on shares of NutriSystem in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $67.56.

Shares of NutriSystem (NASDAQ NTRI) traded down $1.65 during mid-day trading on Tuesday, reaching $50.40. The company had a trading volume of 455,600 shares, compared to its average volume of 367,967. The firm has a market cap of $1,490.00, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. NutriSystem has a twelve month low of $31.60 and a twelve month high of $67.95.

NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. NutriSystem’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. sell-side analysts anticipate that NutriSystem will post 1.95 EPS for the current fiscal year.

NutriSystem declared that its board has approved a share repurchase program on Wednesday, October 25th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other NutriSystem news, Director Jay Herratti sold 3,799 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $60.00, for a total value of $227,940.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Keira Krausz sold 10,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.20, for a total value of $512,000.00. Following the completion of the transaction, the insider now directly owns 74,519 shares in the company, valued at approximately $3,815,372.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,799 shares of company stock worth $1,289,280. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after acquiring an additional 823,221 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of NutriSystem by 3.9% during the third quarter. Eagle Asset Management Inc. now owns 2,012,891 shares of the company’s stock valued at $113,929,000 after acquiring an additional 75,425 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of NutriSystem by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock valued at $62,741,000 after acquiring an additional 16,610 shares during the period. State Street Corp lifted its stake in shares of NutriSystem by 10.6% during the second quarter. State Street Corp now owns 846,058 shares of the company’s stock valued at $44,035,000 after acquiring an additional 81,175 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in shares of NutriSystem by 2.0% during the second quarter. Thrivent Financial For Lutherans now owns 759,853 shares of the company’s stock valued at $39,550,000 after acquiring an additional 14,672 shares during the period. 92.48% of the stock is currently owned by institutional investors.

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NutriSystem Company Profile

Nutrisystem, Inc 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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