Vital Farms, Inc. (NASDAQ:VITL) Receives $17.18 Average Target Price from Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.1818.

Several research analysts recently weighed in on VITL shares. Zacks Research upgraded Vital Farms from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. TD Cowen increased their price target on Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $15.00 price target on shares of Vital Farms in a report on Friday, August 7th. Jefferies Financial Group set a $13.00 price target on Vital Farms in a research note on Tuesday, June 30th. Finally, DA Davidson cut their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 7th.

Vital Farms Stock Performance

VITL stock opened at $12.23 on Friday. The firm has a market cap of $525.03 million, a price-to-earnings ratio of -305.75 and a beta of 1.05. The firm has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $12.05. Vital Farms has a one year low of $7.95 and a one year high of $45.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10.

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

Institutional Trading of Vital Farms

Large investors have recently bought and sold shares of the stock. Freestone Grove Partners LP acquired a new stake in shares of Vital Farms during the second quarter worth $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Vital Farms in the 2nd quarter valued at $27,000. GAMMA Investing LLC raised its stake in Vital Farms by 196.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock worth $39,000 after acquiring an additional 2,232 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Vital Farms in the 2nd quarter worth $42,000. Finally, Assetmark Inc. lifted its position in Vital Farms by 53.7% during the 1st quarter. Assetmark Inc. now owns 5,732 shares of the company’s stock worth $81,000 after acquiring an additional 2,002 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

Vital Farms, Inc is a food company focused on ethically produced pasture-raised eggs and other products. The company’s offerings include pasture-raised eggs, butter, ghee and hard-boiled eggs, which are sold under the Vital Farms brand through grocery retailers and other distribution channels.

Founded in 2007, Vital Farms works with a network of family farms and emphasizes animal welfare, pasture access and supply-chain transparency. Its products are marketed primarily in the United States and are available through retail and foodservice channels.

The company is headquartered in Austin, Texas.