Published On: Tue, Sep 6th, 2016

Weight Watchers International Inc. (WTW) Rating Increased to Hold at Zacks Investment Research

Weight Watchers International Inc. (NYSE:WTW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Separately, Sidoti assumed coverage on shares of Weight Watchers International in a research report on Tuesday, May 24th. They issued a “buy” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.06.

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Weight Watchers International (NYSE:WTW) traded down 0.88% on Tuesday, hitting $10.17. 220,297 shares of the company were exchanged. The stock has a 50 day moving average of $11.19 and a 200 day moving average of $12.96. The company has a market capitalization of $649.48 million and a price-to-earnings ratio of 21.10. Weight Watchers International has a 52 week low of $5.63 and a 52 week high of $28.05.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company earned $310 million during the quarter, compared to the consensus estimate of $318.30 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Analysts predict that Weight Watchers International will post $0.96 EPS for the current fiscal year.
Several hedge funds and institutional investors have recently modified their holdings of the company. Seven Eight Capital LLC boosted its position in shares of Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Weight Watchers International by 134.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,619 shares of the company’s stock valued at $168,000 after buying an additional 6,667 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Weight Watchers International during the first quarter valued at about $173,000. BNP Paribas Arbitrage SA boosted its position in shares of Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock valued at $153,000 after buying an additional 9,537 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Weight Watchers International by 1.2% in the second quarter. Sigma Planning Corp now owns 15,480 shares of the company’s stock valued at $180,000 after buying an additional 180 shares in the last quarter.
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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