Medifast (MED) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medifast in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MED, but not buy additional shares or sell existing shares.
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1 brokerages have issued 1 year price objectives for Medifast's shares. Their MED share price forecasts range from $80.00 to $80.00. On average, they expect the company's share price to reach $80.00 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for MED or view top-rated stocks among Wall Street analysts.

Medifast's stock was trading at $115.35 at the beginning of 2023. Since then, MED shares have decreased by 33.6% and is now trading at $76.56.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MED earnings forecast.

Medifast, Inc. (NYSE:MED) released its quarterly earnings data on Monday, August, 7th. The specialty retailer reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $1.33. The specialty retailer had revenue of $296.20 million for the quarter, compared to analysts' expectations of $270.20 million. Medifast had a net margin of 9.68% and a trailing twelve-month return on equity of 89.20%. Medifast's revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.87 EPS.

Medifast announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $1.65 per share on Tuesday, November 7th. This represents a $6.60 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Monday, September 18th.
Read our dividend analysis for MED.

ETFs with the largest weight of Medifast (NYSE:MED) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Quality ETF (XSHQ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Royce Quant Small-Cap Quality Value ETF (SQLV) and Global X Health & Wellness ETF (BFIT).

Medifast (NYSE:MED) pays an annual dividend of $6.60 per share and currently has a dividend yield of 8.49%. MED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, MED will have a dividend payout ratio of 86.73% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MED.

Medifast issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $0.71-$1.32 for the period, compared to the consensus EPS estimate of $1.43. The company issued revenue guidance of $220.00 million-$240.00 million, compared to the consensus revenue estimate of $269.57 million.

44 employees have rated Medifast Chief Executive Officer Daniel Chard on Glassdoor.com. Daniel Chard has an approval rating of 93% among the company's employees. This puts Daniel Chard in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Medifast investors own include NVIDIA (NVDA), Alibaba Group (BABA), AbbVie (ABBV), Home Depot (HD), Boeing (BA), Johnson & Johnson (JNJ), Intel (INTC), Cisco Systems (CSCO), AT&T (T) and Exxon Mobil (XOM).

Medifast trades on the New York Stock Exchange (NYSE) under the ticker symbol "MED."

Medifast's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.70%), Renaissance Technologies LLC (6.25%), State Street Corp (3.51%), Dimensional Fund Advisors LP (3.10%), Pacer Advisors Inc. (2.22%) and Geode Capital Management LLC (2.08%). Insiders that own company stock include Andrea B Thomas, Constance J Hallquist, Daniel R Chard, Jeffrey J Brown, Jeffrey J Brown, Kevin G Byrnes, Michael C Macdonald and Scott Schlackman.
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Shares of MED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MED stock can currently be purchased for approximately $76.56.

Medifast (NYSE:MED) has a market capitalization of $833.74 million and generates $1.60 billion in revenue each year. The specialty retailer earns $143.57 million in net income (profit) each year or $12.12 on an earnings per share basis.

The company employs 874 workers across the globe.

Medifast's mailing address is 100 International Drive, Baltimore MD, 21202. The official website for the company is www.medifast1.com. The specialty retailer can be reached via phone at (410) 581-8042, via email at ir@choosemedifast.com, or via fax at 410-581-8070.