Weight Watchers International (NASDAQ:WW) Stock Rating Lowered by BidaskClub

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BidaskClub cut shares of Weight Watchers International (NASDAQ:WW) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other research analysts have also recently issued reports about the stock. Morgan Stanley increased their price target on shares of Weight Watchers International from $28.00 to $30.00 and gave the stock an overweight rating in a report on Tuesday, June 16th. UBS Group dropped their target price on shares of Weight Watchers International from $38.00 to $25.00 and set a neutral rating for the company in a report on Wednesday, April 29th. Bank of America cut shares of Weight Watchers International from a buy rating to an underperform rating in a report on Friday, March 20th. Guggenheim began coverage on shares of Weight Watchers International in a report on Friday, June 12th. They issued a buy rating and a $28.00 target price for the company. Finally, DA Davidson increased their target price on shares of Weight Watchers International from $34.00 to $39.00 and gave the company a buy rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $32.15.

NASDAQ WW opened at $25.11 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.16 and a beta of 2.58. Weight Watchers International has a 52-week low of $9.75 and a 52-week high of $47.19. The firm has a 50-day moving average price of $25.14 and a 200 day moving average price of $27.63.

Weight Watchers International (NASDAQ:WW) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.19. The firm had revenue of $400.40 million during the quarter, compared to analysts’ expectations of $402.72 million. Weight Watchers International had a net margin of 8.57% and a negative return on equity of 17.70%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, equities research analysts predict that Weight Watchers International will post 1.68 earnings per share for the current year.

In other news, Director Oprah Winfrey sold 170,865 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $25.27, for a total value of $4,317,758.55. Following the sale, the director now directly owns 5,557,387 shares in the company, valued at $140,435,169.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 757,515 shares of company stock worth $20,463,937 over the last quarter. Company insiders own 12.48% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New Mexico Educational Retirement Board boosted its position in Weight Watchers International by 65.7% during the first quarter. New Mexico Educational Retirement Board now owns 11,100 shares of the company’s stock worth $188,000 after acquiring an additional 4,400 shares during the last quarter. Tudor Investment Corp Et Al boosted its position in Weight Watchers International by 8.9% during the first quarter. Tudor Investment Corp Et Al now owns 50,828 shares of the company’s stock worth $860,000 after acquiring an additional 4,161 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Weight Watchers International by 17.8% during the first quarter. Parametric Portfolio Associates LLC now owns 130,814 shares of the company’s stock worth $2,212,000 after acquiring an additional 19,785 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Weight Watchers International by 43.1% during the first quarter. BNP Paribas Arbitrage SA now owns 22,435 shares of the company’s stock worth $379,000 after acquiring an additional 6,755 shares during the last quarter. Finally, US Bancorp DE boosted its position in Weight Watchers International by 28.0% during the first quarter. US Bancorp DE now owns 14,275 shares of the company’s stock worth $241,000 after acquiring an additional 3,125 shares during the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.

About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

Read More: Initial Coin Offering (ICO)

Analyst Recommendations for Weight Watchers International (NASDAQ:WW)

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