Strs Ohio raised its stake in shares of NutriSystem Inc (NASDAQ:NTRI) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,400 shares of the company’s stock after buying an additional 700 shares during the period. Strs Ohio owned 0.07% of NutriSystem worth $1,009,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in NutriSystem by 114,552.3% in the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after buying an additional 3,551,122 shares in the last quarter. Copper Rock Capital Partners LLC increased its position in NutriSystem by 74.5% in the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock worth $43,088,000 after buying an additional 530,805 shares in the last quarter. Acadian Asset Management LLC increased its position in NutriSystem by 102.5% in the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock worth $51,518,000 after buying an additional 500,907 shares in the last quarter. Prudential Financial Inc. increased its position in NutriSystem by 153.5% in the first quarter. Prudential Financial Inc. now owns 750,047 shares of the company’s stock worth $41,627,000 after buying an additional 454,150 shares in the last quarter. Finally, FMR LLC increased its position in NutriSystem by 70.0% in the first quarter. FMR LLC now owns 725,759 shares of the company’s stock worth $40,280,000 after buying an additional 298,959 shares in the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.
Shares of NutriSystem Inc (NTRI) opened at 52.95 on Wednesday. The company has a market capitalization of $1.58 billion, a PE ratio of 32.81 and a beta of 1.13. The stock’s 50 day moving average price is $54.79 and its 200-day moving average price is $50.05. NutriSystem Inc has a 1-year low of $26.90 and a 1-year high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts predict that NutriSystem Inc will post $1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.32%. NutriSystem’s dividend payout ratio is currently 43.48%.
A number of research firms have issued reports on NTRI. DA Davidson reaffirmed a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a report on Monday, May 8th. Craig Hallum set a $80.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Sidoti raised shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, June 12th. B. Riley reaffirmed a “buy” rating and set a $74.00 price objective on shares of NutriSystem in a report on Friday, July 28th. Finally, BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. NutriSystem has an average rating of “Buy” and a consensus target price of $64.90.
In other news, insider Dawn M. Zier sold 30,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total value of $1,581,300.00. Following the sale, the insider now directly owns 283,931 shares of the company’s stock, valued at $14,966,003.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dawn M. Zier sold 29,100 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $54.00, for a total value of $1,571,400.00. Following the completion of the sale, the insider now directly owns 273,867 shares in the company, valued at $14,788,818. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,564 shares of company stock worth $5,448,859. Insiders own 2.40% of the company’s stock.
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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