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Shares of NutriSystem hit a 52-week low on Thursday of $10.13. The stock's 52-week high of $15.74 was set on July 29.
"Nutrisystem launched its new product line, Nutrisystem Everyday, at Kroger, the nation's largest traditional grocery retailer," Wedbush analysts wrote in a May 15 report. "Nutrisystem Everyday, which began shipping in April and consists of a dozen SKUs of bars, smoothies, bakery, and breakfast products, is aimed at consumers interested in healthier eating and dieters transitioning from weight loss to weight management. Management anticipates signing additional distribution agreements this year, potentially in grocery, mass, drug, and club channels, with the goal of reaching full national distribution by 2013. While the retail channel is expected to represent around 5% of 2012 sales, we believe it could meaningfully contribute to sales and earnings as early as next year."
NutriSystem's forward P/E is 14.08; the average for food products companies is 21.22. For comparison,
Smart Balance(SMBL) has a higher forward P/E of 16.59.
Three analysts gave the stock a buy rating, another three rated it buy and one gave NutriSystem a sell rating.
The stock has fallen 20.34% year to date.
-- Written by Alexandra Zendrian
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