NutriSystem (NASDAQ:NTRI) had its price target cut by research analysts at Craig Hallum from $80.00 to $50.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential upside of 62.60% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Lake Street Capital reissued a “buy” rating and set a $48.00 price objective (down previously from $73.00) on shares of NutriSystem in a research report on Tuesday. Barrington Research lowered NutriSystem from an “outperform” rating to a “market perform” rating in a research note on Tuesday. BidaskClub lowered NutriSystem from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. B. Riley set a $52.00 price target on NutriSystem and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Zacks Investment Research lowered NutriSystem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. NutriSystem presently has a consensus rating of “Buy” and a consensus price target of $59.00.
NutriSystem (NASDAQ NTRI) opened at $30.75 on Tuesday. NutriSystem has a 12-month low of $28.50 and a 12-month high of $67.95. The firm has a market capitalization of $1,198.57, a PE ratio of 16.18, a P/E/G ratio of 0.96 and a beta of 0.72.
In related news, insider Dawn M. Zier sold 11,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $49.94, for a total transaction of $549,340.00. Following the transaction, the insider now directly owns 210,666 shares in the company, valued at $10,520,660.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keira Krausz sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.20, for a total value of $512,000.00. Following the transaction, the insider now owns 74,519 shares in the company, valued at $3,815,372.80. The disclosure for this sale can be found here. Insiders have sold 96,831 shares of company stock worth $4,627,659 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of NutriSystem in the 4th quarter valued at approximately $750,000. Gotham Asset Management LLC grew its stake in shares of NutriSystem by 17.3% in the 4th quarter. Gotham Asset Management LLC now owns 319,747 shares of the company’s stock valued at $16,819,000 after purchasing an additional 47,073 shares during the period. Park West Asset Management LLC grew its stake in shares of NutriSystem by 207.4% in the 4th quarter. Park West Asset Management LLC now owns 415,000 shares of the company’s stock valued at $21,829,000 after purchasing an additional 280,000 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of NutriSystem by 31.5% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the company’s stock valued at $776,000 after purchasing an additional 3,530 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of NutriSystem by 2.7% in the 4th quarter. Teachers Advisors LLC now owns 462,679 shares of the company’s stock valued at $24,337,000 after purchasing an additional 12,322 shares during the period.
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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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