NutriSystem (NTRI) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 37 from a previous price target of $31 . Wunderlich advised their investors in a research report released on Oct 19, 2016.
On the company’s financial health, NutriSystem reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.51. The company had revenue of $149.80 million for the quarter, compared to analysts expectations of $148.77 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
NutriSystem closed down -0.05 points or -0.17% at $30.05 with 1,65,012 shares getting traded on Friday. Post opening the session at $30.1, the shares hit an intraday low of $29.35 and an intraday high of $30.35 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 22, 2016, Dawn M. Zier (President and CEO) sold 25,000 shares at $28.62 per share price. According to the SEC, on Aug 24, 2016, Jay Herratti (director) sold 2,880 shares at $29.06 per share price. On Aug 17, 2016, Brian Tierney (director) sold 7,000 shares at $29.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Nutrisystem Inc. (Nutrisystem) 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 a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.