Medifast, Inc. (MED) Reaches $134.98 High on May, 21; Harvey Partners Boosted Its Servicemaster Global Hldgs I (SERV) Position

May 21, 2018 - By Lawrence Diaz

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Logo

The stock of Medifast, Inc. (NYSE:MED) reached all time high today, May, 21 and still has $145.78 target or 8.00% above today’s $134.98 share price. This indicates more upside for the $1.63B company. This technical setup was reported by Barchart.com. If the $145.78 PT is reached, the company will be worth $130.24 million more. The stock increased 1.48% or $1.97 during the last trading session, reaching $134.98. About 37,658 shares traded. Medifast, Inc. (NYSE:MED) has risen 107.05% since May 21, 2017 and is uptrending. It has outperformed by 95.50% the S&P500.

Harvey Partners Llc increased Servicemaster Global Hldgs I (SERV) stake by 21.95% reported in 2017Q4 SEC filing. Harvey Partners Llc acquired 18,000 shares as Servicemaster Global Hldgs I (SERV)’s stock declined 1.48%. The Harvey Partners Llc holds 100,000 shares with $5.13M value, up from 82,000 last quarter. Servicemaster Global Hldgs I now has $7.79 billion valuation. The stock increased 0.65% or $0.37 during the last trading session, reaching $57.53. About 155,023 shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 26.50% since May 21, 2017 and is uptrending. It has outperformed by 14.95% the S&P500.

More recent ServiceMaster Global Holdings, Inc. (NYSE:SERV) news were published by: Benzinga.com which released: “ServiceMaster A Leader In ‘Recession-Resistant’ Pest Control, Buckingham Says In Positive Initiation” on May 10, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial …” on May 11, 2018. Prnewswire.com‘s news article titled: “Technical Reports on Business Services Equities — RR Donnelley & Sons, Ritchie Bros. Auctioneers, Rollins, and …” with publication date: May 07, 2018 was also an interesting one.

Among 12 analysts covering ServiceMaster (NYSE:SERV), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. ServiceMaster had 33 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of SERV in report on Friday, September 15 with “Buy” rating. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) has “Reduce” rating given on Monday, September 19 by Nomura. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 31 report. Robert W. Baird maintained the shares of SERV in report on Monday, September 11 with “Hold” rating. Nomura maintained it with “Reduce” rating and $39 target in Friday, November 3 report. As per Thursday, February 15, the company rating was upgraded by Nomura. The firm has “Overweight” rating by Morgan Stanley given on Friday, June 23. RBC Capital Markets upgraded the shares of SERV in report on Tuesday, December 22 to “Outperform” rating. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) earned “Overweight” rating by Morgan Stanley on Monday, October 23. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, October 24.

Among 3 analysts covering Medifast (NYSE:MED), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Medifast had 8 analyst reports since August 10, 2015 according to SRatingsIntel. Sidoti upgraded Medifast, Inc. (NYSE:MED) on Monday, January 11 to “Buy” rating. Wunderlich initiated Medifast, Inc. (NYSE:MED) rating on Friday, January 29. Wunderlich has “Hold” rating and $32 target. The stock of Medifast, Inc. (NYSE:MED) earned “Buy” rating by DA Davidson on Wednesday, August 16. Sidoti downgraded the shares of MED in report on Monday, November 30 to “Neutral” rating. DA Davidson maintained the stock with “Buy” rating in Friday, September 15 report. The stock of Medifast, Inc. (NYSE:MED) has “Buy” rating given on Monday, October 5 by Sidoti. The firm has “Neutral” rating given on Thursday, April 19 by Sidoti. Zacks downgraded the shares of MED in report on Monday, August 10 to “Hold” rating.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.33, from 1 in 2017Q3. It improved, as 14 investors sold Medifast, Inc. shares while 56 reduced holdings. 36 funds opened positions while 57 raised stakes. 10.23 million shares or 0.32% more from 10.20 million shares in 2017Q3 were reported. Principal Gp reported 181,692 shares. Teacher Retirement Sys Of Texas reported 0% in Medifast, Inc. (NYSE:MED). 13,867 were reported by Great West Life Assurance Can. Citigroup reported 0% stake. Ahl Prtn Llp has invested 0.01% in Medifast, Inc. (NYSE:MED). Fincl Bank Of Ny Mellon holds 0% or 178,015 shares in its portfolio. Parallax Volatility Advisers Lp reported 1,596 shares. Systematic Financial Lp owns 22,233 shares. Pnc Fin Service Gp reported 936 shares. Thrivent Financial For Lutherans reported 6,498 shares stake. Cambridge Invest Rech Advsr Incorporated has 0% invested in Medifast, Inc. (NYSE:MED) for 5,807 shares. Incorporated holds 0% or 8,415 shares in its portfolio. Vanguard Grp Inc reported 0% stake. 24,902 are owned by Rhumbline Advisers. Campbell And Company Adviser Limited Liability Company reported 2,992 shares.

More news for Medifast, Inc. (NYSE:MED) were recently published by: Seekingalpha.com, which released: “Medifast’s (MED) CEO Dan Chard on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Prnewswire.com‘s article titled: “Gatheredtable software licensed by Medifast” and published on April 23, 2018 is yet another important article.

Since March 8, 2018, it had 0 insider purchases, and 3 insider sales for $4.87 million activity. 7,500 shares were sold by CONNOLLY CHARLES P, worth $669,825. Another trade for 40,000 shares valued at $3.47M was sold by MACDONALD MICHAEL C.

Medifast, Inc., through its subsidiaries, produces, distributes, and sells weight loss, weight management, healthy living products, and other consumable health and diet products. The company has market cap of $1.63 billion. The firm offers bars, bites, pretzels, puffs, oatmeal and cereal crunch products, drinks, eggs, hearty choices, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by Take Shape For Life, Flavors of Home, and Essential 1 brands, as well as Dual Fuel, a sports nutrition pilot program. It has a 58.94 P/E ratio. It also provides meal replacements comprising vitamins and minerals; and hydration products, as well as other nutrients for health purposes.

Analysts await Medifast, Inc. (NYSE:MED) to report earnings on August, 14. They expect $1.00 EPS, up 58.73% or $0.37 from last year’s $0.63 per share. MED’s profit will be $12.06 million for 33.75 P/E if the $1.00 EPS becomes a reality. After $1.01 actual EPS reported by Medifast, Inc. for the previous quarter, Wall Street now forecasts -0.99% negative EPS growth.

Medifast, Inc. (NYSE:MED) Institutional Positions Chart

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