NutriSystem (NTRI) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of NutriSystem (NASDAQ:NTRI) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other research firms have also commented on NTRI. DA Davidson reaffirmed a buy rating and set a $80.00 target price on shares of NutriSystem in a report on Friday, December 22nd. Zacks Investment Research lowered NutriSystem from a buy rating to a hold rating in a report on Friday, December 15th. B. Riley set a $74.00 target price on NutriSystem and gave the company a buy rating in a report on Thursday, October 26th. Finally, Lake Street Capital set a $73.00 target price on NutriSystem and gave the company a buy rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $67.56.

NutriSystem (NTRI) opened at $41.15 on Monday. The company has a market capitalization of $1,291.70, a P/E ratio of 23.50, a PEG ratio of 1.03 and a beta of 0.72. NutriSystem has a fifty-two week low of $33.55 and a fifty-two week high of $67.95.

NutriSystem declared that its Board of Directors has initiated a share 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. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, CEO Dawn M. Zier sold 30,006 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $52.36, for a total value of $1,571,114.16. Following the completion of the transaction, the chief executive officer now directly owns 224,659 shares of the company’s stock, valued at approximately $11,763,145.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keira Krausz sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $50.96, for a total value of $254,800.00. Following the completion of the transaction, the insider now directly owns 75,463 shares of the company’s stock, valued at $3,845,594.48. The disclosure for this sale can be found here. Insiders sold a total of 66,006 shares of company stock valued at $3,383,254 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Cypress Capital Management LLC WY bought a new position in NutriSystem in the 3rd quarter worth approximately $112,000. Ameritas Investment Partners Inc. grew its holdings in NutriSystem by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after buying an additional 257 shares in the last quarter. Amalgamated Bank grew its holdings in NutriSystem by 6.1% in the 2nd quarter. Amalgamated Bank now owns 4,091 shares of the company’s stock worth $213,000 after buying an additional 236 shares in the last quarter. Koch Industries Inc. bought a new position in NutriSystem in the 2nd quarter worth approximately $233,000. Finally, C M Bidwell & Associates Ltd. grew its holdings in NutriSystem by 14.2% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,750 shares of the company’s stock worth $247,000 after buying an additional 590 shares in the last quarter.

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About NutriSystem

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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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