Zacks Investment Research cut shares of Weight Watchers International (NYSE:WTW) from a strong-buy rating to a hold rating in a research note released on Friday morning.

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. “

Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Weight Watchers International from a hold rating to a buy rating in a report on Friday, September 1st. Craig Hallum reaffirmed a buy rating and issued a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a report on Tuesday, November 7th. Finally, BidaskClub raised Weight Watchers International from a buy rating to a strong-buy rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Weight Watchers International has a consensus rating of Hold and a consensus price target of $35.55.

Weight Watchers International (NYSE:WTW) opened at $42.80 on Friday. The firm has a market cap of $2,760.00, a price-to-earnings ratio of 28.77, a PEG ratio of 1.83 and a beta of 2.95. Weight Watchers International has a 1-year low of $9.88 and a 1-year high of $54.47. The company has a debt-to-equity ratio of -1.74, a current ratio of 0.96 and a quick ratio of 0.88.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Monday, November 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.14. The firm had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $319.40 million. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. research analysts expect that Weight Watchers International will post 1.57 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTW. Sei Investments Co. increased its stake in Weight Watchers International by 3,364.2% in the third quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after acquiring an additional 4,037 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Weight Watchers International in the first quarter valued at $210,000. Trexquant Investment LP bought a new position in Weight Watchers International in the third quarter valued at $216,000. Virginia Retirement Systems ET AL bought a new position in Weight Watchers International in the third quarter valued at $226,000. Finally, SG Americas Securities LLC bought a new position in Weight Watchers International in the second quarter valued at $234,000. 86.52% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://theolympiareport.com/2017/12/05/weight-watchers-international-wtw-downgraded-to-hold-at-zacks-investment-research.html.

Weight Watchers International Company Profile

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.

Get a free copy of the Zacks research report on Weight Watchers International (WTW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Weight Watchers International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weight Watchers International Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.