Weight Watchers International Inc (NYSE:WTW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. ValuEngine downgraded shares of Weight Watchers International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. Weight Watchers International currently has an average rating of “Hold” and an average price target of $27.44.
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Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Weight Watchers International during the 2nd quarter worth about $234,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Weight Watchers International by 123.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after buying an additional 3,936 shares during the period. McQueen Ball & Associates Inc. bought a new stake in shares of Weight Watchers International during the 2nd quarter worth about $271,000. Zacks Investment Management bought a new stake in shares of Weight Watchers International during the 2nd quarter worth about $274,000. Finally, Lebenthal Lisanti Capital Growth LLC bought a new stake in shares of Weight Watchers International during the 2nd quarter worth about $274,000. 88.24% of the stock is owned by institutional investors and hedge funds.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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