First Trust Advisors LP Takes Position in NutriSystem Inc. (NTRI)

First Trust Advisors LP acquired a new stake in NutriSystem Inc. (NASDAQ:NTRI) in the third quarter, Holdings Channel reports. The firm acquired 57,172 shares of the company’s stock, valued at approximately $2,118,000.

Other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its holdings in NutriSystem by 64.7% in the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $143,000 after acquiring an additional 1,464 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in NutriSystem in the second quarter valued at $180,000. Janus Henderson Group PLC acquired a new position in NutriSystem in the second quarter valued at $207,000. Sigma Planning Corp acquired a new position in NutriSystem in the second quarter valued at $215,000. Finally, Teacher Retirement System of Texas acquired a new position in NutriSystem in the second quarter valued at $236,000.

NASDAQ:NTRI opened at $37.19 on Monday. NutriSystem Inc. has a one year low of $26.06 and a one year high of $55.10. The stock has a market capitalization of $1.09 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. NutriSystem had a return on equity of 43.46% and a net margin of 8.06%. The business had revenue of $159.30 million for the quarter, compared to analysts’ expectations of $164.18 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. Analysts forecast that NutriSystem Inc. will post 2.12 EPS for the current year.

NutriSystem declared that its board has approved a stock buyback program on Tuesday, October 30th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Friday, November 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, November 8th. NutriSystem’s dividend payout ratio (DPR) is 51.02%.

NTRI has been the topic of a number of research analyst reports. ValuEngine upgraded NutriSystem from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Zacks Investment Research upgraded NutriSystem from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. DA Davidson upgraded NutriSystem from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $28.00 to $36.00 in a report on Thursday, November 1st. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Thursday, November 1st. Finally, BidaskClub cut NutriSystem from a “hold” rating to a “sell” rating in a research note on Saturday, August 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.57.

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NutriSystem Profile

Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ‘D' kit that offers individuals with or at risk of type 2 diabetes.

Featured Article: Market Capitalization

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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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