Shares of Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $35.20.
Several brokerages have recently weighed in on VITL. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, August 9th. Stifel Nicolaus reduced their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.
View Our Latest Stock Report on VITL
Insider Buying and Selling
Institutional Trading of Vital Farms
A number of institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in Vital Farms in the first quarter valued at approximately $656,000. Russell Investments Group Ltd. grew its stake in Vital Farms by 2,006.1% during the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock worth $3,454,000 after buying an additional 141,488 shares during the period. Inspire Investing LLC acquired a new stake in shares of Vital Farms in the first quarter worth $1,003,000. Marshall Wace LLP raised its stake in shares of Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Vital Farms during the 2nd quarter valued at $2,300,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.
Vital Farms Trading Down 6.1 %
VITL opened at $35.96 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 42.48 and a beta of 0.97. Vital Farms has a 52 week low of $10.54 and a 52 week high of $48.41. The business’s 50 day moving average is $34.12 and its two-hundred day moving average is $35.85. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04.
Vital Farms (NASDAQ:VITL – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million during the quarter, compared to the consensus estimate of $138.41 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Vital Farms’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, research analysts predict that Vital Farms will post 1.11 EPS for the current year.
Vital Farms Company Profile
Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.
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