Vital Farms, Inc. (NASDAQ:VITL) Stock Has Average Target Price of $16.91 According to Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.73.

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Benchmark raised shares of Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating and issued a $15.00 price objective on shares of Vital Farms in a report on Friday, August 7th. DA Davidson decreased their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, TD Cowen dropped their target price on shares of Vital Farms from $11.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday.

Vital Farms Stock Down 1.8%

Shares of NASDAQ VITL opened at $8.40 on Wednesday. The firm’s fifty day moving average is $10.22 and its 200 day moving average is $11.17. Vital Farms has a 52 week low of $7.95 and a 52 week high of $42.08. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The company has a market cap of $360.61 million, a price-to-earnings ratio of -210.00 and a beta of 1.08.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.47). The company had revenue of $166.03 million during the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. Vital Farms’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts expect that Vital Farms will post -0.51 earnings per share for the current year.

Institutional Trading of Vital Farms

Several large investors have recently bought and sold shares of the company. Freestone Grove Partners LP purchased a new position in Vital Farms during the second quarter valued at $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Vital Farms by 129.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,044 shares of the company’s stock worth $97,000 after buying an additional 1,716 shares during the period. GAMMA Investing LLC grew its position in shares of 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 buying an additional 2,232 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Vital Farms in the 2nd quarter worth about $42,000. 98.59% of the stock is owned by institutional investors.

Vital Farms Company Profile

Vital Farms, Inc (NASDAQ: VITL) is a food company that produces and markets pasture-raised eggs and other ethically sourced food products. Its portfolio includes pasture-raised eggs, egg bites, hard-boiled eggs, butter and ghee, sold under the Vital Farms brand.

Founded in 2007, the company works with a network of family farms that follow its animal-care standards. Vital Farms emphasizes outdoor access for hens, traceability and responsible farming practices, and markets its products as alternatives to conventional eggs and dairy offerings.

Vital Farms serves consumers primarily through grocery retailers and other food channels across the United States.