Auriga Reiterates a 'Buy' on Nutrisystem (NTRI); Q4 Preview: Expect Focus to be on 2012 Progress
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Price: $42.89 --0%
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on Nutrisystem (NASDAQ: NTRI) price target of $17.00.
Auriga analyst said, "While we expect the quarter to be weaker than the prior year, we anticipate a subpar 4Q is already priced into the shares as management provided cautious guidance during 3Q. We expect the focus will be on the company's seasonally significant 1Q performance, after having introduced numerous new menu items and instituted its Success promotional campaign in mid-December. Thus far in 2012, we believe the company's average sales per customer are above last year, despite the continued price promotions, and that interest in the Nutrisystem brands has improved. Overall, we expect improvements in 2012 but will look for management to provide clarity surrounding its 1Q12 performance, including initial guidance."
For an analyst ratings summary and ratings history on Nutrisystem click here. For more ratings news on Nutrisystem click here.
Shares of Nutrisystem closed at $11.27 yesterday.
Auriga analyst said, "While we expect the quarter to be weaker than the prior year, we anticipate a subpar 4Q is already priced into the shares as management provided cautious guidance during 3Q. We expect the focus will be on the company's seasonally significant 1Q performance, after having introduced numerous new menu items and instituted its Success promotional campaign in mid-December. Thus far in 2012, we believe the company's average sales per customer are above last year, despite the continued price promotions, and that interest in the Nutrisystem brands has improved. Overall, we expect improvements in 2012 but will look for management to provide clarity surrounding its 1Q12 performance, including initial guidance."
For an analyst ratings summary and ratings history on Nutrisystem click here. For more ratings news on Nutrisystem click here.
Shares of Nutrisystem closed at $11.27 yesterday.
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