B.Riley FBR analyst Kara Anderson maintained a Hold rating on Nutrisystem Inc (NTRI) today and set a price target of $45. The company’s shares opened today at $44.
Anderson commented:
“We also note that Nutrisystem’s programs will have vitamins which launched in 2H18 to incorporate as additional upsells this winter season. The new Keto-Friendly program was inspired by the growing keto trend of a low-carb, high-fat diet and is a customized option within its existing, versatile program. The keto-friendly program will be offered as an option to customers, though all customers will receive the new keto-friendly Fit Shakes. The app and blog will also be revamped to incorporate keto lifestyle content. The existing program will remain a featured option with expectations for weight loss of up to seven pounds in the first seven days. The will also see a 30% increase in menu size in 2019.”
According to TipRanks.com, Anderson is a 2-star analyst with an average return of 0.4% and a 39.1% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, TheStreet, and PCM Inc.
Currently, the analyst consensus on Nutrisystem Inc is a Hold with an average price target of $42.50, which is a -3.4% downside from current levels. In a report issued on December 10, Barrington also downgraded the stock to Hold with a $44 price target.
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Nutrisystem Inc’s market cap is currently $1.29B and has a P/E ratio of 23.60. The company has a Price to Book ratio of 9.19.
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Nutrisystem, Inc. engages in the provision of weight management products and services. It offers weight loss programs sold primarily online and over the telephone and multi-day kits and single items available at select retail locations. It also provides pre-packaged food program, digital tools, and counseling.
