Nutrisystem (NTRI) Rating Lowered to Strong Sell at BidaskClub

Nutrisystem (NASDAQ:NTRI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Other analysts have also recently issued reports about the company. Citigroup decreased their price objective on Nutrisystem from $67.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, March 5th. B. Riley set a $52.00 price objective on Nutrisystem and gave the stock a “buy” rating in a research report on Wednesday, February 28th. DA Davidson reaffirmed a “buy” rating and set a $80.00 price objective on shares of Nutrisystem in a research report on Friday, December 22nd. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, December 19th. Finally, Craig Hallum cut their target price on Nutrisystem from $80.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Nutrisystem presently has an average rating of “Hold” and a consensus price target of $57.00.

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Shares of NTRI stock opened at $27.45 on Friday. Nutrisystem has a 1 year low of $27.40 and a 1 year high of $67.95. The firm has a market capitalization of $829.21, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03.

Nutrisystem (NASDAQ:NTRI) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Nutrisystem had a return on equity of 48.69% and a net margin of 8.30%. The company had revenue of $131.20 million during the quarter, compared to analysts’ expectations of $128.75 million. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. research analysts predict that Nutrisystem will post 2.05 EPS for the current year.

In related news, CFO Michael P. Monahan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $49.60, for a total value of $496,000.00. Following the completion of the transaction, the chief financial officer now directly owns 46,660 shares of the company’s stock, valued at approximately $2,314,336. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn M. Zier sold 30,825 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $40.37, for a total value of $1,244,405.25. Following the completion of the transaction, the insider now directly owns 221,013 shares of the company’s stock, valued at $8,922,294.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,831 shares of company stock valued at $3,566,319. Company insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. increased its stake in Nutrisystem by 5.8% in the 3rd quarter. American International Group Inc. now owns 23,566 shares of the company’s stock valued at $1,317,000 after purchasing an additional 1,294 shares in the last quarter. Brown Advisory Inc. increased its stake in Nutrisystem by 19.4% in the 3rd quarter. Brown Advisory Inc. now owns 8,126 shares of the company’s stock valued at $453,000 after purchasing an additional 1,320 shares in the last quarter. Swiss National Bank increased its stake in Nutrisystem by 2.9% in the 3rd quarter. Swiss National Bank now owns 50,000 shares of the company’s stock valued at $2,795,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers increased its stake in Nutrisystem by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 58,650 shares of the company’s stock valued at $3,279,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Nutrisystem by 165.2% in the 3rd quarter. Nordea Investment Management AB now owns 5,137 shares of the company’s stock valued at $287,000 after purchasing an additional 3,200 shares in the last quarter.

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Nutrisystem Company Profile

Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.

Analyst Recommendations for Nutrisystem (NASDAQ:NTRI)

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