Media stories about Medifast (NYSE:MED) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Medifast earned a news impact score of 0.31 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 45.8675073944565 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Medifast (MED) opened at $68.71 on Thursday. The firm has a market cap of $819.96, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.80 and a beta of 0.50. Medifast has a 52 week low of $40.00 and a 52 week high of $74.78.

Medifast (NYSE:MED) last issued its quarterly earnings data on Tuesday, November 7th. The specialty retailer reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The firm had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $74.94 million. Medifast had a net margin of 8.58% and a return on equity of 24.07%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. equities analysts predict that Medifast will post 2.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.79%. This is a boost from Medifast’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, December 21st. Medifast’s dividend payout ratio is currently 94.12%.

MED has been the subject of several recent research reports. Zacks Investment Research raised shares of Medifast from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Saturday, January 13th. ValuEngine lowered shares of Medifast from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, DA Davidson increased their price target on shares of Medifast to $89.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Medifast currently has an average rating of “Hold” and a consensus price target of $75.00.

In other Medifast news, Director Glenn W. Welling sold 250,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $65.00, for a total transaction of $16,250,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn W. Welling sold 275,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $64.60, for a total transaction of $17,765,000.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by corporate insiders.

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About Medifast

Medifast, Inc produces, distributes and sells weight loss, weight management, and healthy living products, and other consumable health and nutritional products. The Company’s product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products, and vitamins.

Insider Buying and Selling by Quarter for Medifast (NYSE:MED)

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