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NutriSystem Inc. Under Investor Investigation Over Possible Securities Laws Violations

  • If you are an investor in NutriSystem Inc. (NASDAQ:NTRI)shares, including but not limited to those who purchased between November 1, 2010 and February 24, 2011 and/or if you purchased prior to November 2010 and currently hold those shares, and/or if you have information relating the investigation including former employees and/or whistleblowers, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
NutriSystem
Security
NASDAQ: NTRI

Summary

After a steep 30% stock drop on February 25, 2011, in response to Nutrisystem 2010 year-end financial results an investigation on behalf of investors in NutriSystem Inc. (NASDAQ: NTRI) shares over possible violations of Federal Securities Laws by NutriSystem Inc was announced.

The investigation by a law firm concerns shareholder claims on potential violations of the federal securities laws.
NutriSystems 12 months Total Revenue decreased from $776.77million in 2007 to $509.51million in 2010. Its Net Income dropped from $104.15million in 2007 to $33.88million in 2010.
Shares of NutriSystem Inc. (Public, NASDAQ:NTRI) traded in 2006 as high as $73.60 and during 08 as high as $71.88 per NTRI share. During 2009 NTRI shares traded as low as $11.70 and as high as $33.24 per share. Then on February 24, 2011, Nutrisystem reported its 2010 year-end financial results. NutriSystem Inc. disclosed, among other things, that its revenue fell from $105.5 million to $87.9 million or almost 17% in the fourth quarter. Further an analyst report by Investopedia stated, in part, that analysts were expecting a down year-on-year comparison, but more on the order of 5% butthe company's year-end promotions were apparently ineffective and NutriSystem basically ran into a buzzsaw as Weight Watchers rolled out a major product launch. Consequently, new customers declined by 30% in January and the company significantly dialed back guidance for the full 2011 year
The analyst said that Weight Watchers seems to be back in a growth groove. Not only does Weight Watchers offer more options to potential clients (including online-based programs as well as in-person meeting-based approaches), they are in NutriSystems' kitchen so to speak with their own food line.
NTRI shares fell from $20.21 on Thursday, Feb 24 to $14.02 the next trading day and closed on Friday, March 4, 2011, at $13.81 per share.

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