December 2, 2017 – By Darrin Black
Sentiment by Medifast Inc (NYSE: MED)
Medifast Inc ( NYSE: MED) institutional sentiment decreased to 1.11 in the second quarter of 2017 . It decreases -0.65, from 1.76 in 2017Q1. The ratio plummeted, as 72 investment professionals increased or started new holdings, while 65 sold and reduced their capital positions in Medifast Inc. Investment professionals in our partner's database reported: 10.48 million shares, below 10.85 million shares in 2017Q1. In addition, the number of investment professionals who had Medifast Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. All was sold: 17 Decreased: 48 Increased: 53 New position: 19.
Medifast , Inc., through its subsidiaries, produce, distribute and sell products for weight loss, weight control, products for a healthy life and other consumable health and dietetic products. The company has a market capitalization of $ 794.90 million. The firm offers bars, bites, pretzels, puffs, oatmeal and crunchy cereals, drinks, eggs, abundant options, pancakes, puddings, soft dishes, smoothies, smoothies, soft baked and soups under Medifast, OPTAVIA, Thrive by Medifast, Optimal Health brands Take Shape For Life, Flavors of Home and Essential 1, as well as Dual Fuel, a pilot program of sports nutrition. It has a P / E ratio of 33.47. It also provides replacements for foods that include vitamins and minerals; and hydration products, as well as other nutrients for health purposes.
The stock declined 2.80% or $ 1.92 during the last trading session, reaching $ 66.61. Around 160,661 shares traded or 36.88% more than the average. Medifast, Inc. (NYSE: MED) has risen 25.81% since December 2, 2016 and is trending upward. It has surpbaded the S & P500 by 9.11%.
Analysts expect Medifast, Inc. (NYSE: MED) to report earnings on March 8. They expect earnings of $ 0.48 per share, 41.18% or $ 0.14 last year $ 0.34 per share. The profit of MED will be of $ 5.73 million for 34.69 P / E if the EPS of $ 0.48 becomes reality. After $ 0.55 of real earnings per share reported by Medifast, Inc. for the previous quarter, Wall Street now forecasts -12.73% negative EPS growth.
Engaged Capital Llc holds 4.86% of its portfolio in Medifast, Inc. for 789,549 shares. Dean Capital Management owns 66,350 shares or 1.32% of its portfolio in the United States. In addition, Pacific Ridge Capital Partners Llc has 1.24% invested in the company for 101,578 shares. Dean Investment Associates Llc, based in Ohio, has invested 0.67% in shares. Ativo Capital Management Llc, a fund based in Illinois, reported 31,008 shares. # Img1 #
Medifast, Inc. (NYSE: MED) Grade Coverage
Ratings badysis reveals that 67% of Medifast badysts are positive. Of the 3 Wall Street badysts who qualify for Medifast, 2 give it the rating "Buy", 0 "Sell", while 1 recommends "Retain". The lowest goal is $ 32 while the maximum is $ 74. The average goal of the $ 53 share is -20.43% below the current share price ($ 66.61). MED was included in 7 badysts' notes since August 10, 2015. The company was maintained on Friday, September 15 by DA Davidson. The firm has a "Neutral" rating granted on Monday, November 30 by Sidoti. Wunderlich started qualifying for Medifast, Inc. (NYSE: MED) on Friday, January 29. Wunderlich has a "Hold" rating and a target of $ 32. The firm has a "Buy" rating granted by Sidoti on Monday, October 5. The stock of Medifast, Inc. (NYSE: MED) earned a "Buy" rating on Sidoti on Monday, January 11. The firm has a "Hold" rating from Zacks given on Monday, August 10. DA Davidson started it with the "Buy" and $ 65.0 objective in the report on Wednesday, August 16.
Most recent important news from Medifast, Inc. (NYSE: MED) were published by: Baltimoresun.com which posted: "Medifast's Take Shape For Life changes name to Optavia" on February 20, 2017, also Seekingalpha.com with his article: "Medifast is overweight with the inventory Will Will Slim Down Margins?" Published on June 1, 2017, Nasdaq.com published: "MEDIFAST INC (MED) Ex-Dividend Scheduled date for the 21st of September 2017 "on September 20, 2017. More interesting news about Medifast, Inc. (NYSE: MED) was released by: Prnewswire.com and its article:" Medifast, Inc. Announces First Quarter 2017 Financial Results " published on May 4, 2017, as well as the Bizjournals.com news article titled: "Medifast confirms Harbor Harbor headquarters movement" with publication date: September 18, 2017.
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