Medifast, Inc. (MED)

NYSE: MED · IEX Real-Time Price · USD
32.60
+0.16 (0.49%)
At close: Apr 22, 2024, 4:00 PM
32.75
+0.15 (0.46%)
After-hours: Apr 22, 2024, 7:52 PM EDT
0.49%
Market Cap 355.20M
Revenue (ttm) 1.07B
Net Income (ttm) 99.42M
Shares Out 10.90M
EPS (ttm) 9.10
PE Ratio 3.58
Forward PE 16.97
Dividend $3.30 (10.12%)
Ex-Dividend Date Sep 18, 2023
Volume 280,425
Open 32.45
Previous Close 32.44
Day's Range 31.86 - 32.75
52-Week Range 30.95 - 109.52
Beta 1.15
Analysts Hold
Price Target 61.00 (+87.12%)
Earnings Date Apr 29, 2024

About MED

Medifast, Inc., through its subsidiaries, engages in the manufacture and sale of weight loss, weight management, and healthy living products in the United States and the Asia-Pacific. It offers bars, puffs, cereal, crunchers, drinks, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups under the OPTAVIA, OPTAVIA ACTIVE, and Optimal Health brand names. The company markets its products through point-of-sale transactions, as well as through ecommerce platform. Medifast, Inc. was founded in 1980 and is he... [Read more]

Founded 1980
Employees 634
Stock Exchange NYSE
Ticker Symbol MED
Full Company Profile

Financial Performance

In 2023, Medifast's revenue was $1.07 billion, a decrease of -32.94% compared to the previous year's $1.60 billion. Earnings were $99.42 million, a decrease of -30.75%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MED stock is "Hold." The 12-month stock price forecast is $61.0, which is an increase of 87.12% from the latest price.

Price Target
$61.0
(87.12% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Medifast to Announce Financial Results for the First Quarter Ended March 31, 2024

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, will announce financial results for the first...

7 days ago - Business Wire

Medifast Announces Fourth Quarter and Full Year 2023 Financial Results

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the fourth quarter...

2 months ago - Business Wire

Medifast to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2023

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, will announce financial results for the fourt...

2 months ago - Business Wire

Potential 300% Upside: Uncovering Medifast's Investment Opportunity

High returns on capital typically generate substantial value for long-term investors over extended periods. Businesses yielding high returns often command premium valuations in the market.

4 months ago - GuruFocus

LifeMD Stock Pops on Medifast Agreement. It's All About Weight-Loss Drugs.

The companies are teaming up to offer a ‘transformative weight management solution.'

Other symbols: LFMD
4 months ago - Barrons

LifeMD's stock soars 9.5% on news company is teaming up with Medifast to create weight-management program that includes GLP-1 drugs

LifeMD Inc.'s stock LFMD, +1.76% soared 9% early Wednesday, after the virtual primary care provider said it's teaming up with Medifast Inc. MED, +1.03%, a wellness company known for its habit-based an...

Other symbols: LFMD
4 months ago - Market Watch

Medifast Initiates Business Transformation by Entering the Medically Supported Weight Loss Market through Collaboration with LifeMD, a Virtual Primary Care Provider, and Adjusting its Capital Allocation Policy

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA®, today launched the first phase of its business...

Other symbols: LFMD
4 months ago - Business Wire

LifeMD and Medifast Partner to Offer Transformative Weight Management Solution

Collaboration will integrate LifeMD's telehealth platform and GLP-1 offering for medically qualified patients with OPTA VIA Coach-guided, healthy lifestyle solution

Other symbols: LFMD
4 months ago - GlobeNewsWire

Medifast Announces Third Quarter 2023 Financial Results

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the third quarter ...

6 months ago - Business Wire

Medifast to Announce Financial Results for the Third Quarter Ended September 30, 2023

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the company behind the health and wellness community OPTAVIA®, will announce financial results for the third quarter ended September 30, 2023 on Monda...

6 months ago - Business Wire

OPTAVIA ACTIVE™ Now Available

BALTIMORE , Sept. 13, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution  OPTAVIA®, today announced its OPTAVIA AC...

7 months ago - PRNewsWire

Medifast Announces Quarterly Dividend

BALTIMORE , Sept. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community,  OPTA VIA®, today announced that its Board of Directors has declared a $1.65 quart...

8 months ago - PRNewsWire

Medifast Survey Finds 8 out of 10 U.S. Adults say Practicing Daily "Self-Care Habits" is a Priority

BALTIMORE , Sept. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution OPTAVIA ®, today released findings from a ...

8 months ago - PRNewsWire

Medifast Announces Second Quarter 2023 Financial Results

BALTIMORE, Aug. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution,  OPTA VIA® , today reported results for the...

9 months ago - PRNewsWire

Medifast Expands into $30B Sports Nutrition Category with OPTAVIA ACTIVE™

BALTIMORE , July 27, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution  OPTAVIA® , today unveiled a new product l...

9 months ago - PRNewsWire

Medifast to Announce Financial Results for the Second Quarter Ended June 30, 2023

BALTIMORE , July 24, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community OPTA VIA ®, will announce financial results for the second quarter ended June 30, 2...

9 months ago - PRNewsWire

Medifast: A High Dividend Yield and Cheap Valuation

Medifast ( MED , Financial) is a mission-driven company supporting health and well-being, helping its customers transform their lives by providing healthy living products and programs. The company has...

11 months ago - GuruFocus

Medifast Announces First Quarter 2023 Financial Results

BALTIMORE , May 1, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities,  OPTA VIA®, today reported results for the first qua...

1 year ago - PRNewsWire

Why Wall Street loves weight loss drugs

Yahoo Finance's Josh Schafer joins the Live show to break down Wall Street's growing interest in weight loss drugs.

Other symbols: NVOTDOCWW
1 year ago - Yahoo Finance

Medifast to Announce Financial Results for the First Quarter Ended March 31, 2023

Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, will announce financial results for the first quarter ended March 31, 2023 on Mond...

1 year ago - PRNewsWire

Medifast Named to Financial Times' List of The Americas' Fastest Growing Companies

Company Recognized as One of the Top 500 Companies with the Highest Compound Annual Revenue Growth Between 2018 and 2021 BALTIMORE , April 3, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global comp...

1 year ago - PRNewsWire

Medifast Appoints Steven Zenker as Vice President of Investor Relations

BALTIMORE , March 2, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA®, today announced it has named Steven Zen...

1 year ago - PRNewsWire

Medifast Announces Fourth Quarter and Full Year 2022 Financial Results

BALTIMORE , Feb. 21, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities,  OPTA VIA ® , today reported results for the fourt...

1 year ago - PRNewsWire

Medifast to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022

BALTIMORE , Feb. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the...

1 year ago - PRNewsWire

Medifast Survey Indicates Consumer Focus on Health and Wellbeing Remains Strong

BALTIMORE , Dec. 5, 2022 /PRNewswire/ --  Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA ®, today released findings from a survey ...

1 year ago - PRNewsWire