Burney Co. Invests $837,000 in Nutrisystem (NTRI) Stock

Burney Co. bought a new position in shares of Nutrisystem (NASDAQ:NTRI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,067 shares of the company’s stock, valued at approximately $837,000. Burney Co. owned about 0.10% of Nutrisystem at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Nutrisystem by 3.3% during the fourth quarter. BlackRock Inc. now owns 3,819,640 shares of the company’s stock worth $200,912,000 after purchasing an additional 121,738 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Nutrisystem by 9.4% during the fourth quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock worth $114,445,000 after buying an additional 189,317 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of Nutrisystem during the fourth quarter worth $96,114,000. Thrivent Financial for Lutherans increased its holdings in shares of Nutrisystem by 26.4% during the first quarter. Thrivent Financial for Lutherans now owns 1,138,954 shares of the company’s stock worth $30,695,000 after buying an additional 237,914 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Nutrisystem by 16.6% during the fourth quarter. Thrivent Financial For Lutherans now owns 901,040 shares of the company’s stock worth $47,394,000 after buying an additional 128,422 shares in the last quarter.

NTRI has been the subject of several research analyst reports. Barrington Research downgraded shares of Nutrisystem from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Lake Street Capital set a $48.00 price target on shares of Nutrisystem and gave the stock a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded shares of Nutrisystem from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, May 9th. BidaskClub downgraded shares of Nutrisystem from a “sell” rating to a “strong sell” rating in a report on Thursday, April 19th. Finally, ValuEngine downgraded shares of Nutrisystem from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Nutrisystem presently has a consensus rating of “Hold” and an average target price of $49.38.

Nutrisystem opened at $33.40 on Friday, according to Marketbeat.com. The firm has a market capitalization of $968.50 million, a P/E ratio of 17.04, a P/E/G ratio of 0.93 and a beta of 1.12. Nutrisystem has a twelve month low of $32.95 and a twelve month high of $33.45.

Nutrisystem (NASDAQ:NTRI) last posted its quarterly earnings data on Monday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $206.85 million. Nutrisystem had a return on equity of 42.69% and a net margin of 7.65%. Nutrisystem’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. equities analysts anticipate that Nutrisystem will post 2.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Investors of record on Thursday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.99%. Nutrisystem’s payout ratio is 51.02%.

Nutrisystem Company Profile

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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Institutional Ownership by Quarter for Nutrisystem (NASDAQ:NTRI)

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