Analysts Set NutriSystem Inc. (NTRI) Target Price at $68.75

NutriSystem Inc. (NASDAQ:NTRI) has received an average recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $68.75.

A number of research analysts have recently weighed in on NTRI shares. BidaskClub downgraded shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Saturday, October 28th. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, DA Davidson restated a “buy” rating and issued a $80.00 price target on shares of NutriSystem in a research report on Friday, December 22nd.

NutriSystem (NTRI) traded down $0.20 during trading on Friday, hitting $41.10. 628,000 shares of the stock were exchanged, compared to its average volume of 525,418. The company has a market cap of $1,240.63, a P/E ratio of 22.05, a P/E/G ratio of 0.99 and a beta of 0.72. NutriSystem has a fifty-two week low of $36.85 and a fifty-two week high of $67.95.

NutriSystem announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other news, insider Keira Krausz sold 10,000 shares of NutriSystem stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.20, for a total transaction of $512,000.00. Following the sale, the insider now directly owns 74,519 shares in the company, valued at approximately $3,815,372.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dawn M. Zier sold 11,000 shares of NutriSystem stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $49.94, for a total transaction of $549,340.00. Following the sale, the insider now owns 210,666 shares in the company, valued at $10,520,660.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,831 shares of company stock worth $4,627,659. 2.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of NutriSystem by 3.3% during the 4th quarter. BlackRock Inc. now owns 3,819,640 shares of the company’s stock worth $200,912,000 after buying an additional 121,738 shares during the period. Vanguard Group Inc. grew its holdings in NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after purchasing an additional 823,221 shares during the period. Eagle Asset Management Inc. grew its holdings in NutriSystem by 9.4% during the fourth quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock valued at $114,445,000 after purchasing an additional 189,317 shares during the period. Carillon Tower Advisers Inc. acquired a new position in NutriSystem during the fourth quarter valued at approximately $96,114,000. Finally, Dimensional Fund Advisors LP grew its holdings in NutriSystem by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock valued at $62,741,000 after purchasing an additional 16,610 shares during the period.

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NutriSystem Company Profile

Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers 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.

Analyst Recommendations for NutriSystem (NASDAQ:NTRI)

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