NutriSystem (NTRI) Downgraded by DA Davidson to Underperform

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NutriSystem (NASDAQ:NTRI) was downgraded by investment analysts at DA Davidson from a “neutral” rating to an “underperform” rating in a research note issued on Monday, The Fly reports.

NTRI has been the topic of a number of other reports. BidaskClub upgraded shares of NutriSystem from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Barrington Research reiterated a “hold” rating on shares of NutriSystem in a research note on Friday, October 5th. Zacks Investment Research downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, B. Riley raised their target price on shares of NutriSystem from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.50.

NASDAQ NTRI opened at $37.10 on Monday. NutriSystem has a 52-week low of $26.06 and a 52-week high of $60.80. The company has a market cap of $1.09 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Monday, July 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.06. NutriSystem had a net margin of 7.94% and a return on equity of 43.29%. The firm had revenue of $191.30 million for the quarter, compared to the consensus estimate of $189.07 million. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that NutriSystem will post 2.09 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in NutriSystem by 6.7% in the second quarter. BlackRock Inc. now owns 4,346,504 shares of the company’s stock valued at $167,340,000 after acquiring an additional 274,721 shares in the last quarter. Northern Trust Corp boosted its stake in NutriSystem by 1.5% in the second quarter. Northern Trust Corp now owns 448,770 shares of the company’s stock valued at $17,278,000 after acquiring an additional 6,618 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in NutriSystem in the second quarter valued at approximately $16,413,000. Granite Investment Partners LLC boosted its stake in NutriSystem by 0.8% in the second quarter. Granite Investment Partners LLC now owns 408,877 shares of the company’s stock valued at $15,742,000 after acquiring an additional 3,205 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in NutriSystem by 112,682.8% in the second quarter. Royce & Associates LP now owns 366,544 shares of the company’s stock valued at $14,112,000 after acquiring an additional 366,219 shares in the last quarter.

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.

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Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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