Parametrica Management Ltd acquired a new stake in shares of NutriSystem Inc (NASDAQ:NTRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,807 shares of the company’s stock, valued at approximately $269,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in NTRI. Meeder Asset Management Inc. purchased a new stake in shares of NutriSystem during the 2nd quarter valued at $106,000. Riverhead Capital Management LLC grew its stake in shares of NutriSystem by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock valued at $126,000 after buying an additional 931 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of NutriSystem by 10.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock valued at $136,000 after buying an additional 257 shares during the period. Victory Capital Management Inc. grew its stake in shares of NutriSystem by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock valued at $138,000 after buying an additional 397 shares during the period. Finally, Creative Planning grew its stake in shares of NutriSystem by 5.3% during the 2nd quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after buying an additional 171 shares during the period. 92.59% of the stock is owned by institutional investors.
Several analysts have recently issued reports on NTRI shares. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of NutriSystem from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. DA Davidson reissued a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a research note on Monday, July 24th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $74.00 price target on shares of NutriSystem in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.44.
In related news, CFO Michael P. Monahan sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $53.33, for a total value of $533,300.00. Following the completion of the transaction, the chief financial officer now directly owns 59,598 shares in the company, valued at $3,178,361.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Bernstock sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the completion of the transaction, the director now owns 25,350 shares of the company’s stock, valued at $1,350,141. The disclosure for this sale can be found here. Insiders sold 91,355 shares of company stock valued at $4,903,650 over the last 90 days. Company insiders own 2.40% of the company’s stock.
Shares of NutriSystem Inc (NASDAQ:NTRI) opened at $50.00 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. analysts anticipate that NutriSystem Inc will post 1.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be given a $0.175 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.40%. NutriSystem’s dividend payout ratio (DPR) is presently 38.25%.
NutriSystem declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
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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