NutriSystem (NTRI) Upgraded by BidaskClub to “Hold”

NutriSystem (NASDAQ:NTRI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Barrington Research restated a “hold” rating on shares of NutriSystem in a research note on Wednesday, August 1st. ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. B. Riley increased their price objective on shares of NutriSystem from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, DA Davidson downgraded shares of NutriSystem from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $40.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. NutriSystem has a consensus rating of “Hold” and an average target price of $46.50.

Shares of NASDAQ NTRI opened at $37.10 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.78 and a beta of 1.27. NutriSystem has a 1-year low of $26.06 and a 1-year high of $60.80.

NutriSystem (NASDAQ:NTRI) last announced its earnings results on Monday, July 30th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.06. The firm 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%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Analysts predict that NutriSystem will post 2.09 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Atria Investments LLC acquired a new position in shares of NutriSystem during the 2nd quarter worth about $394,000. First Mercantile Trust Co. acquired a new position in shares of NutriSystem during the 2nd quarter worth about $119,000. Aperio Group LLC acquired a new position in shares of NutriSystem during the 2nd quarter worth about $313,000. Guggenheim Capital LLC boosted its stake in shares of NutriSystem by 8.3% during the 1st quarter. Guggenheim Capital LLC now owns 56,018 shares of the company’s stock worth $1,509,000 after buying an additional 4,308 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of NutriSystem during the 2nd quarter worth about $259,000.

About NutriSystem

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: Stock Symbol

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

Receive News & Ratings for NutriSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply