NYSE:MED Medifast (MED) Stock Forecast, Price & News $81.86 +1.94 (+2.43%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$79.00▼$82.8350-Day Range$78.69▼$103.6752-Week Range$77.67▼$192.44Volume143,342 shsAverage Volume208,542 shsMarket Capitalization$891.46 millionP/E Ratio6.41Dividend Yield8.06%Price Target$110.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Medifast MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside35.0% Upside$110.50 Price TargetShort InterestHealthy15.33% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-4.12Upright™ Environmental ScoreNews Sentiment0.52Based on 6 Articles This WeekInsider TradingSelling Shares$239,096 Sold Last QuarterProj. Earnings Growth10.16%From $8.86 to $9.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.79 out of 5 starsConsumer Staples Sector15th out of 140 stocksMiscellaneous Food Preparations & Kindred Products Industry1st out of 5 stocks 3.0 Analyst's Opinion Consensus RatingMedifast has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $110.50, Medifast has a forecasted upside of 35.0% from its current price of $81.86.Amount of Analyst CoverageMedifast has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted15.33% of the float of Medifast has been sold short.Short Interest Ratio / Days to CoverMedifast has a short interest ratio ("days to cover") of 7.1.Change versus previous monthShort interest in Medifast has recently decreased by 5.78%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipMedifast is a leading dividend payer. It pays a dividend yield of 7.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMedifast has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Medifast is 51.68%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Medifast will have a dividend payout ratio of 67.62% next year. This indicates that Medifast will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMedifast has received a 6.42% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Meal replacement drinks", "Granola without added sugar", and "Protein shakes" products. See details.Environmental SustainabilityThe Environmental Impact score for Medifast is -4.12. Previous Next 2.0 News and Social Media Coverage News SentimentMedifast has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Medifast this week, compared to 5 articles on an average week.Search InterestOnly 14 people have searched for MED on MarketBeat in the last 30 days. This is a decrease of -77% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Medifast to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Medifast insiders have sold 246.64% more of their company's stock than they have bought. Specifically, they have bought $68,976.00 in company stock and sold $239,096.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Medifast is held by insiders.Percentage Held by Institutions86.03% of the stock of Medifast is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Medifast are expected to grow by 10.16% in the coming year, from $8.86 to $9.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Medifast is 6.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Medifast is 6.41, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 16.34.Price to Book Value per Share RatioMedifast has a P/B Ratio of 5.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Medifast (NYSE:MED) StockMedifast, Inc. engages in the provision of healthy living products and programs. It offers the OPTAVIA brand, a lifestyle solution centered on developing new healthy habits through smaller, foundational changes called micro-habits. The firm's product line includes bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups. The company was founded by William Vitale in 1981 and is headquartered in Baltimore, MD.Read More Receive MED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Medifast and its competitors with MarketBeat's FREE daily newsletter. Email Address MED Stock News HeadlinesJune 2, 2023 | marketwatch.comMedifast to Exit Hong Kong, Singapore Operations on Covid-19 HitJune 1, 2023 | bizjournals.comMedifast pulls out of Hong Kong, Singapore to free up capital for future growthJune 6, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 1, 2023 | finance.yahoo.comMedifast Enhances "Fuel for the Future" Program to Position the Business for Long-term Sustainable GrowthMay 31, 2023 | finance.yahoo.comMedifast (MED) Down 8.2% Since Last Earnings Report: Can It Rebound?May 31, 2023 | americanbankingnews.comMedifast (NYSE:MED) Stock Rating Upgraded by StockNews.comMay 29, 2023 | finance.yahoo.comInvestors one-year losses continue as Medifast (NYSE:MED) dips a further 8.6% this week, earnings continue to declineMay 28, 2023 | msn.comMedifast Holds Value During HeadwindsJune 6, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 20, 2023 | americanbankingnews.comMedifast, Inc. (NYSE:MED) to Post Q2 2023 Earnings of $1.44 Per Share, Zacks Research ForecastsMay 18, 2023 | americanbankingnews.comMedifast (NYSE:MED) Now Covered by StockNews.comMay 17, 2023 | americanbankingnews.comFY2025 Earnings Forecast for Medifast, Inc. Issued By Zacks Research (NYSE:MED)May 14, 2023 | americanbankingnews.comInsider Buying: Medifast, Inc. (NYSE:MED) Director Buys $67,663.96 in StockMay 12, 2023 | msn.comMedifast: Strong Earnings But Guidance DisappointsMay 6, 2023 | americanbankingnews.comMedifast (NYSE:MED) Downgraded by StockNews.com to "Hold"May 5, 2023 | americanbankingnews.comDA Davidson Comments on Medifast, Inc.'s Q2 2023 Earnings (NYSE:MED)May 4, 2023 | finance.yahoo.comMedifast, Inc. (NYSE:MED) Q1 2023 Earnings Call TranscriptMay 4, 2023 | americanbankingnews.comMedifast (NYSE:MED) Sets New 12-Month Low Following Analyst DowngradeMay 3, 2023 | americanbankingnews.comMedifast (NYSE:MED) Price Target Cut to $71.00 by Analysts at DA DavidsonMay 2, 2023 | finance.yahoo.comMedifast's (MED) Q1 Earnings Top Estimates, Sales Decline Y/YMay 2, 2023 | finance.yahoo.comQ1 2023 Medifast Inc Earnings CallMay 1, 2023 | finance.yahoo.comMedifast Announces First Quarter 2023 Financial ResultsApril 30, 2023 | americanbankingnews.comMedifast (NYSE:MED) Raised to "Buy" at StockNews.comApril 30, 2023 | americanbankingnews.comMedifast (MED) to Release Quarterly Earnings on MondayApril 17, 2023 | finance.yahoo.comMedifast to Announce Financial Results for the First Quarter Ended March 31, 2023April 12, 2023 | seekingalpha.comMedifast: Looking Attractively Valued Even Amidst Declining FundamentalsApril 10, 2023 | finance.yahoo.comIs Medifast, Inc. (NYSE:MED) Potentially Undervalued?See More Headlines MED Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MED Company Calendar Ex-Dividend for 5/9 Dividend3/27/2023Last Earnings5/01/2023Dividend Payable5/09/2023Today6/06/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Miscellaneous food preparations & kindred products Sub-IndustryPersonal Products SectorConsumer Staples Current SymbolNYSE:MED CUSIP58470H10 CIK910329 Webwww.medifast1.com Phone(410) 581-8042Fax410-581-8070Employees984Year FoundedN/APrice Target and Rating Average Stock Price Forecast$110.50 High Stock Price Forecast$150.00 Low Stock Price Forecast$71.00 Forecasted Upside/Downside+34.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$12.77 Trailing P/E Ratio6.44 Forward P/E Ratio9.28 P/E GrowthN/ANet Income$143.57 million Net Margins9.27% Pretax Margin11.92% Return on Equity106.70% Return on Assets49.55% Debt Debt-to-Equity RatioN/A Current Ratio1.75 Quick Ratio1.01 Sales & Book Value Annual Sales$1.60 billion Price / Sales0.56 Cash Flow$15.70 per share Price / Cash Flow5.24 Book Value$14.19 per share Price / Book5.80Miscellaneous Outstanding Shares10,890,000Free Float10,637,000Market Cap$895.70 million OptionableOptionable Beta1.21 Key ExecutivesDaniel R. ChardExecutive Chairman & Chief Executive OfficerAnthony TyreeChief Business Operations OfficerJames P. MaloneyChief Financial OfficerNicholas M. JohnsonChief Field Operations OfficerJonathan B. MacKenzieChief Accounting Officer & Vice President-FinanceKey CompetitorsUtz BrandsNYSE:UTZArkoNASDAQ:ARKOMission ProduceNASDAQ:AVOB&G FoodsNYSE:BGSSunOptaNASDAQ:STKLView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 15,057 shares on 6/1/2023Ownership: 0.138%Legato Capital Management LLCBought 7,924 shares on 5/25/2023Ownership: 0.137%Ameriprise Financial Inc.Bought 388 shares on 5/22/2023Ownership: 0.708%Putnam Investments LLCBought 209 shares on 5/22/2023Ownership: 0.032%New York State Common Retirement FundSold 4,189 shares on 5/18/2023Ownership: 0.116%View All Insider TransactionsView All Institutional Transactions MED Stock - Frequently Asked Questions Should I buy or sell Medifast stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Medifast in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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. View MED analyst ratings or view top-rated stocks. What is Medifast's stock price forecast for 2023? 2 brokerages have issued 1 year price objectives for Medifast's shares. Their MED share price forecasts range from $71.00 to $150.00. On average, they predict the company's share price to reach $110.50 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price. View analysts price targets for MED or view top-rated stocks among Wall Street analysts. How have MED shares performed in 2023? Medifast's stock was trading at $115.35 at the beginning of 2023. Since then, MED stock has decreased by 28.7% and is now trading at $82.25. View the best growth stocks for 2023 here. Are investors shorting Medifast? Medifast saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,730,000 shares, an increase of 9.5% from the April 15th total of 1,580,000 shares. Based on an average daily trading volume, of 238,500 shares, the days-to-cover ratio is currently 7.3 days. Approximately 16.3% of the shares of the company are sold short. View Medifast's Short Interest. When is Medifast's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our MED earnings forecast. How were Medifast's earnings last quarter? Medifast, Inc. (NYSE:MED) released its quarterly earnings results on Monday, May, 1st. The specialty retailer reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $1.27. The specialty retailer earned $349 million during the quarter, compared to analyst estimates of $319.50 million. Medifast had a net margin of 9.27% and a trailing twelve-month return on equity of 106.70%. Medifast's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the company posted $3.59 earnings per share. How often does Medifast pay dividends? What is the dividend yield for Medifast? Medifast declared a quarterly dividend on Thursday, March 16th. Stockholders of record on Tuesday, March 28th will be paid a dividend of $1.65 per share on Tuesday, May 9th. This represents a $6.60 annualized dividend and a yield of 8.02%. The ex-dividend date is Monday, March 27th. This is an increase from the stock's previous quarterly dividend of $1.64. Read our dividend analysis for MED. What ETFs hold Medifast's stock? 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), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Pacer US Small Cap Cash Cows 100 ETF (CALF), Is Medifast a good dividend stock? Medifast (NYSE:MED) pays an annual dividend of $6.60 per share and currently has a dividend yield of 7.90%. 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 51.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MED will have a dividend payout ratio of 67.62% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MED. What guidance has Medifast issued on next quarter's earnings? Medifast updated its second quarter earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.32-$1.44 for the period, compared to the consensus EPS estimate of $2.82. The company issued revenue guidance of $250-$270 million, compared to the consensus revenue estimate of $313.20 million. What is Daniel Chard's approval rating as Medifast's CEO? 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. What other stocks do shareholders of Medifast own? 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). What is Medifast's stock symbol? Medifast trades on the New York Stock Exchange (NYSE) under the ticker symbol "MED." Who are Medifast's major shareholders? Medifast's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.45%), Renaissance Technologies LLC (5.98%), State Street Corp (3.49%), Dimensional Fund Advisors LP (3.06%), Principal Financial Group Inc. (2.05%) and Geode Capital Management LLC (2.03%). 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. View institutional ownership trends. How do I buy shares of Medifast? 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. Compare Top Brokerages Here. What is Medifast's stock price today? One share of MED stock can currently be purchased for approximately $82.25. How much money does Medifast make? Medifast (NYSE:MED) has a market capitalization of $895.70 million and generates $1.60 billion in revenue each year. The specialty retailer earns $143.57 million in net income (profit) each year or $12.77 on an earnings per share basis. How many employees does Medifast have? The company employs 984 workers across the globe. How can I contact Medifast? 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. This page (NYSE:MED) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Medifast, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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