The stock of NutriSystem Inc. (NASDAQ:NTRI) hit a new 52-week high and has $41.25 target or 32.00% above today’s $31.25 share price. The 6 months bullish chart indicates low risk for the $933.47 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $41.25 price target is reached, the company will be worth $298.71M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 158,442 shares traded hands. NutriSystem Inc. (NASDAQ:NTRI) has risen 56.71% since March 16, 2016 and is uptrending. It has outperformed by 51.17% the S&P500.
Analysts await NutriSystem Inc. (NASDAQ:NTRI) to report earnings on October, 26. They expect $0.31 EPS, up 24.00% or $0.06 from last year’s $0.25 per share. NTRI’s profit will be $9.26 million for 25.20 P/E if the $0.31 EPS becomes a reality. After $0.54 actual EPS reported by NutriSystem Inc. for the previous quarter, Wall Street now forecasts -42.59% negative EPS growth.
NutriSystem Inc. (NASDAQ:NTRI) Ratings Coverage
Out of 7 analysts covering Nutrisystem (NASDAQ:NTRI), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Nutrisystem has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, October 19 by Wunderlich. Imperial Capital maintained NutriSystem Inc. (NASDAQ:NTRI) rating on Monday, August 3. Imperial Capital has “In-Line” rating and $25 price target. The company was initiated on Friday, January 29 by Wunderlich. The rating was initiated by Lake Street with “Buy” on Friday, July 24. Citigroup maintained the shares of NTRI in a report on Tuesday, September 13 with “Neutral” rating. B. Riley & Co maintained it with “Buy” rating and $39 target price in Thursday, October 29 report. Sidoti upgraded NutriSystem Inc. (NASDAQ:NTRI) on Monday, November 2 to “Buy” rating. The stock of NutriSystem Inc. (NASDAQ:NTRI) earned “Outperform” rating by Barrington Research on Monday, November 2.
According to Zacks Investment Research, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.23, from 1.13 in 2016Q1. The ratio dropped, as 20 funds sold all NutriSystem Inc. shares owned while 63 reduced positions. 23 funds bought stakes while 52 increased positions. They now own 26.95 million shares or 2.01% more from 26.42 million shares in 2016Q1.
Coatue Ltd Liability Co holds 0.15% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 421,389 shares. Voya Investment Mngmt Ltd Co has 0% invested in the company for 27,026 shares. Elk Creek Limited Liability Com holds 0.58% or 364,382 shares in its portfolio. Guggenheim Capital Llc has 0.01% invested in the company for 89,222 shares. Legal And General Gp Public Ltd has invested 0% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI). Lapides Asset Mngmt Lc has 0.8% invested in the company for 170,000 shares. Moreover, New York State Teachers Retirement Systems has 0% invested in NutriSystem Inc. (NASDAQ:NTRI) for 68,329 shares. Suntrust Banks has 14,955 shares for 0% of their US portfolio. Millennium Management Ltd Limited Liability Company holds 0.01% or 214,849 shares in its portfolio. Citigroup owns 16,378 shares or 0% of their US portfolio. Quantitative Ltd holds 0.02% or 18,300 shares in its portfolio. Copper Rock Capital Prns Lc reported 1.27 million shares or 2.44% of all its holdings. Gmt reported 42,100 shares or 0.03% of all its holdings. Arizona State Retirement Systems holds 0.01% or 15,117 shares in its portfolio. Barclays Plc has 0% invested in the company for 23,688 shares.
Insider Transactions: Since May 22, 2016, the stock had 0 buys, and 11 selling transactions for $6.19 million net activity. ZIER DAWN M. also sold $715,618 worth of NutriSystem Inc. (NASDAQ:NTRI) shares. Shares for $1.43M were sold by MONAHAN MICHAEL P. on Sunday, May 22. $525,109 worth of shares were sold by Krausz Keira on Friday, July 15. The insider GUAGLIARDO PAUL J sold 3,142 shares worth $76,106. TIERNEY BRIAN also sold $204,778 worth of NutriSystem Inc. (NASDAQ:NTRI) on Tuesday, August 16. Shares for $83,702 were sold by Herratti Jay.
More recent NutriSystem Inc. (NASDAQ:NTRI) news were published by: Fool.com which released: “Why NutriSystem Inc. Stock Soared 20%” on May 04, 2016. Also Businesswire.com published the news titled: “Nutrisystem, Inc. Acquires South Beach Diet Brand from SBD Holdings Group Corp.” on December 17, 2015. Finance.Yahoo.com‘s news article titled: “Nutrisystem, Inc. to Report Third Quarter 2016 Financial Results on October 26 …” with publication date: July 27, 2016 was also an interesting one.
NTRI Company Profile
Nutrisystem, Inc. (Nutrisystem), incorporated on August 17, 1999, is a well-known provider of weight management services and products, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program clients 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. The Company’s clients order on an auto-delivery basis (Auto-Delivery), where it sends approximately four-week meal plan on an ongoing basis until notified of a customer’s cancellation. The Firm offers its pre-selected favorites food pack or personalized plans, where clients can hand pick their entire menu or customize plans to their dietary preference. The Company’s meal plans feature approximately 150 menu options at different price points, including frozen and ready-to-go entrees, desserts, snacks and shakes.
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