Medifast - MED Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medifast in the last twelve months. There are currently 2 hold ratings 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.
View MED analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month price objectives for Medifast's shares. Their MED share price forecasts range from $94.00 to $150.00. On average, they predict the company's stock price to reach $122.00 in the next twelve months. This suggests a possible upside of 23.1% 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 the year. Since then, MED shares have decreased by 14.1% and is now trading at $99.10.
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Medifast saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,550,000 shares, an increase of 31.4% from the February 13th total of 1,180,000 shares. Based on an average daily volume of 173,100 shares, the days-to-cover ratio is presently 9.0 days. Currently, 14.6% of the company's shares are sold short.
View Medifast's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our MED earnings forecast.

Medifast, Inc. (NYSE:MED) posted its quarterly earnings data on Thursday, November, 4th. The specialty retailer reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.64. The specialty retailer had revenue of $413.40 million for the quarter, compared to the consensus estimate of $402.80 million. Medifast had a trailing twelve-month return on equity of 100.42% and a net margin of 8.98%. The business's quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 EPS.

Medifast announced a quarterly dividend on Thursday, March 16th. Stockholders of record on Tuesday, March 28th will be given a dividend of $1.65 per share on Tuesday, May 9th. This represents a $6.60 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date is Monday, March 27th. This is a boost from the stock's previous quarterly dividend of $1.64.
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), Inspire Fidelis Multi Factor ETF (FDLS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Pacer US Small Cap Cash Cows 100 ETF (CALF), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Invesco S&P SmallCap Quality ETF (XSHQ).

Medifast (NYSE:MED) pays an annual dividend of $6.56 per share and currently has a dividend yield of 6.74%. 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 51.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MED will have a dividend payout ratio of 57.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MED.

Medifast updated its first quarter 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of $1.75-$2.40 for the period, compared to the consensus estimate of $3.26. The company issued revenue guidance of $300.00 million-$320.00 million, compared to the consensus revenue estimate of $374.30 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 retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (5.78%), Dimensional Fund Advisors LP (3.07%), Morgan Stanley (2.66%), Rice Hall James & Associates LLC (2.46%), Principal Financial Group Inc. (2.12%) and Geode Capital Management LLC (2.00%). 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.

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 $99.10.

Medifast (NYSE:MED) has a market capitalization of $1.08 billion and generates $1.60 billion in revenue each year. The specialty retailer earns $143.57 million in net income (profit) each year or $12.69 on an earnings per share basis.

The company employs 984 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.