Vital Farms, Inc. (NASDAQ:VITL) Receives $17.18 Consensus PT from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given an average recommendation of “Hold” by the fourteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.1818.

A number of brokerages have issued reports on VITL. Telsey Advisory Group downgraded shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Friday, May 8th. Morgan Stanley set a $10.00 price target on shares of Vital Farms in a report on Friday, May 8th. Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. William Blair reiterated a “market perform” rating on shares of Vital Farms in a research note on Friday, May 8th. Finally, Needham & Company LLC increased their price objective on Vital Farms from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in shares of Vital Farms in the 4th quarter worth about $25,000. Freestone Grove Partners LP purchased a new position in shares of Vital Farms during the 2nd quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms during the 2nd quarter valued at about $27,000. Quarry LP bought a new stake in Vital Farms in the 4th quarter worth approximately $27,000. Finally, Global Retirement Partners LLC lifted its position in Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Down 1.0%

NASDAQ VITL opened at $10.68 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $12.09 and a 200 day simple moving average of $13.64. Vital Farms has a 12 month low of $7.95 and a 12 month high of $52.79. The firm has a market capitalization of $458.49 million, a P/E ratio of -267.00 and a beta of 1.07.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to the consensus estimate of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. On average, analysts predict that Vital Farms will post -0.48 EPS for the current fiscal year.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.