Weight Watchers International (NASDAQ:WW) Downgraded to Hold at Zacks Investment Research

Weight Watchers International (NASDAQ:WW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “WW International Inc. provides weight management services. The company’s products and services are comprised of nutritional, activity, behavioral and lifestyle tools and approaches. It operates primarily in North America, Continental Europe, United Kingdom and Other. WW International Inc., formerly known as Weight Watchers International Inc., is based in New York. “

Other equities analysts also recently issued reports about the company. Craig Hallum restated a “buy” rating and issued a $40.00 price objective (up from $35.00) on shares of Weight Watchers International in a report on Wednesday. KeyCorp restated a “hold” rating on shares of Weight Watchers International in a report on Wednesday, August 7th. B. Riley upgraded Weight Watchers International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.50 to $40.00 in a report on Wednesday, August 7th. UBS Group raised their price objective on Weight Watchers International from $26.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, DA Davidson downgraded Weight Watchers International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $33.00 in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.64.

Weight Watchers International stock traded up $0.79 during trading hours on Friday, hitting $34.22. The stock had a trading volume of 1,743,700 shares, compared to its average volume of 3,069,233. The stock’s fifty day moving average is $35.92 and its two-hundred day moving average is $27.22. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.46 and a beta of 2.29. Weight Watchers International has a 1-year low of $16.71 and a 1-year high of $53.62.

Weight Watchers International (NASDAQ:WW) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The company had revenue of $348.60 million for the quarter, compared to the consensus estimate of $352.72 million. Weight Watchers International had a negative return on equity of 16.77% and a net margin of 9.50%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. On average, research analysts expect that Weight Watchers International will post 1.74 EPS for the current fiscal year.

In related news, insider Corinne Pollier-Bousquet sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.19, for a total transaction of $116,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.03% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Symons Capital Management Inc. purchased a new stake in shares of Weight Watchers International during the 3rd quarter valued at about $209,000. SG Americas Securities LLC acquired a new stake in Weight Watchers International during the 3rd quarter valued at approximately $511,000. Gabelli Funds LLC acquired a new stake in Weight Watchers International during the 3rd quarter valued at approximately $359,000. Russell Investments Group Ltd. acquired a new stake in Weight Watchers International during the 3rd quarter valued at approximately $9,101,000. Finally, LS Investment Advisors LLC acquired a new stake in Weight Watchers International during the 3rd quarter valued at approximately $107,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Weight Watchers International Company Profile

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.

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