News coverage about NutriSystem (NASDAQ:NTRI) has been trending positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NutriSystem earned a news sentiment score of 0.31 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 50.0240115635469 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Nutrisystem Team Celebrates Go Red For Women’s Record-Breaking Success At Annual Event In Philadelphia. (Photo: Business Wire) (thestreet.com)
- Nutrisystem, Inc. & the American Heart Association in Greater Philadelphia Celebrate Go Red For Women’s Record-Breaking Suc… (ih.advfn.com)
- Nutrisystem, Inc. (NTRI) has a value of $53.90 per share While TrueBlue, Inc. (TBI) is stand at $20.00 – Stocks Gallery (stocksgallery.com)
- Volume Moving the Tape For Nutrisystem Inc (NTRI) – Sparta Review (spartareview.com)
- Which Direction Are Nutrisystem Inc (NTRI) Shares Trending? – Stock Press Daily (stockpressdaily.com)
Several brokerages have weighed in on NTRI. B. Riley restated a “buy” rating and set a $74.00 price target on shares of NutriSystem in a report on Friday, July 28th. BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson reiterated a “buy” rating and issued a $79.00 price objective (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Zacks Investment Research downgraded NutriSystem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Lake Street Capital set a $73.00 price objective on NutriSystem and gave the company a “buy” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.90.
NutriSystem (NTRI) traded up 1.20% during mid-day trading on Friday, reaching $54.90. The company’s stock had a trading volume of 365,674 shares. NutriSystem has a 52 week low of $26.90 and a 52 week high of $67.95. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 34.01 and a beta of 1.13. The firm has a 50-day moving average of $54.95 and a 200-day moving average of $50.26.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities research analysts expect that NutriSystem will post $1.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.28%. NutriSystem’s dividend payout ratio is 43.48%.
In other news, CFO Michael P. Monahan sold 5,000 shares of NutriSystem stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $50.03, for a total transaction of $250,150.00. Following the transaction, the chief financial officer now directly owns 37,743 shares of the company’s stock, valued at $1,888,282.29. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of NutriSystem stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the transaction, the insider now directly owns 283,931 shares in the company, valued at $14,966,003.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,564 shares of company stock worth $5,448,859. Insiders own 2.40% of the company’s stock.
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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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