NutriSystem (NTRI) Trading Down 10.8%

NutriSystem Inc. (NASDAQ:NTRI) traded down 10.8% on Monday . The stock traded as low as $31.54 and last traded at $33.10. 4,732,591 shares changed hands during mid-day trading, an increase of 463% from the average session volume of 840,554 shares. The stock had previously closed at $37.10.

Several research analysts have commented on the stock. DA Davidson lowered shares of NutriSystem from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $40.00 to $28.00 in a research note on Monday. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine raised shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Barrington Research reaffirmed a “hold” rating on shares of NutriSystem in a research note on Friday, October 5th. Finally, Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.50.

The company has a market capitalization of $1.09 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $191.30 million during the quarter, compared to analyst estimates of $189.07 million. NutriSystem had a net margin of 7.94% and a return on equity of 43.29%. NutriSystem’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. As a group, sell-side analysts predict that NutriSystem Inc. will post 2.09 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of NutriSystem during the second quarter valued at $119,000. US Bancorp DE boosted its stake in shares of NutriSystem by 64.7% during the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $143,000 after purchasing an additional 1,464 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of NutriSystem during the second quarter valued at $180,000. Independence Advisors LLC purchased a new stake in shares of NutriSystem during the second quarter valued at $203,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of NutriSystem during the second quarter valued at $207,000.

About NutriSystem (NASDAQ:NTRI)

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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