NutriSystem Inc (NASDAQ:NTRI) released its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03, Briefing.com reports. The firm had revenue of $158.10 million for the quarter, compared to analysts’ expectations of $155.21 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. NutriSystem updated its Q4 guidance to $0.37-$0.42 EPS.
NutriSystem (NASDAQ:NTRI) traded up 0.09% on Wednesday, reaching $58.30. The company had a trading volume of 578,314 shares. NutriSystem has a 12-month low of $30.10 and a 12-month high of $67.95. The stock’s 50 day moving average price is $55.33 and its 200-day moving average price is $53.57. The stock has a market capitalization of $1.74 billion, a PE ratio of 36.12 and a beta of 1.15.
In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of NutriSystem stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the sale, the insider now directly owns 273,867 shares in the company, valued at approximately $14,788,818. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay Herratti sold 3,799 shares of NutriSystem stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total transaction of $227,940.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,355 shares of company stock worth $4,903,650. 2.40% of the stock is currently owned by insiders.
Several research firms have recently weighed in on NTRI. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Craig Hallum set a $80.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. DA Davidson reaffirmed a “buy” rating and issued a $64.00 price target on shares of NutriSystem in a report on Monday, July 24th. BidaskClub raised shares of NutriSystem from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $68.11.
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.