DA Davidson reiterated their buy rating on shares of NutriSystem (NASDAQ:NTRI) in a report released on Friday. The brokerage currently has a $80.00 price objective on the stock. DA Davidson also issued estimates for NutriSystem’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.54 EPS.
NTRI has been the subject of a number of other reports. B. Riley set a $74.00 target price on shares of NutriSystem and gave the company a buy rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of NutriSystem from a buy rating to a hold rating in a research note on Friday, December 15th. BidaskClub lowered shares of NutriSystem from a buy rating to a hold rating in a research note on Saturday, August 26th. Finally, Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a buy rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $67.56.
NutriSystem (NASDAQ:NTRI) opened at $54.35 on Friday. The stock has a market capitalization of $1,630.00, a P/E ratio of 29.38, a P/E/G ratio of 1.51 and a beta of 1.01. NutriSystem has a 12-month low of $31.60 and a 12-month high of $67.95.
NutriSystem announced that its board has approved a stock repurchase program on Wednesday, October 25th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Jay Herratti sold 3,799 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $60.00, for a total value of $227,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $55.03, for a total value of $623,765.05. Following the completion of the sale, the chief financial officer now owns 55,933 shares of the company’s stock, valued at approximately $3,077,992.99. The disclosure for this sale can be found here. Insiders sold a total of 36,134 shares of company stock valued at $1,913,045 over the last 90 days. 2.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of NTRI. Aperio Group LLC increased its stake in NutriSystem by 8.8% in the 2nd quarter. Aperio Group LLC now owns 9,701 shares of the company’s stock worth $505,000 after buying an additional 781 shares in the last quarter. SG Americas Securities LLC purchased a new stake in NutriSystem in the 2nd quarter worth $199,000. Bank of New York Mellon Corp boosted its holdings in shares of NutriSystem by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,051 shares of the company’s stock valued at $26,445,000 after purchasing an additional 11,553 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of NutriSystem by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 54,432 shares of the company’s stock valued at $2,833,000 after purchasing an additional 4,944 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of NutriSystem by 97.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,823 shares of the company’s stock valued at $615,000 after purchasing an additional 5,832 shares during the last quarter. Institutional investors and hedge funds own 92.48% 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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