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

by · The Markets Daily

Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $17.1818.

A number of equities analysts have commented on the stock. Craig Hallum cut shares of Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Friday, May 8th. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Needham & Company LLC lifted their price objective on shares of Vital Farms from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD Cowen lifted their price objective on shares of Vital Farms from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Finally, DA Davidson cut their target price on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 7th.

View Our Latest Analysis on Vital Farms

Vital Farms Trading Up 3.4%

Shares of VITL stock opened at $10.79 on Tuesday. The company has a market capitalization of $463.21 million, a PE ratio of -269.75 and a beta of 1.07. Vital Farms has a 52-week low of $7.95 and a 52-week high of $52.79. The business’s fifty day moving average is $12.08 and its 200 day moving average is $13.83. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting the consensus estimate 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 return on equity of 3.46% and a net margin of 0.02%.Vital Farms’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, equities research analysts anticipate that Vital Farms will post -0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently modified their holdings of VITL. BlackRock Inc. bought a new stake in Vital Farms in the second quarter worth $60,153,000. Vanguard Group Inc. grew its stake in shares of Vital Farms by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock valued at $90,892,000 after buying an additional 530,008 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Vital Farms by 13.7% in the fourth quarter. Wasatch Advisors LP now owns 2,687,246 shares of the company’s stock worth $85,831,000 after buying an additional 324,725 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Vital Farms by 1,998.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock worth $31,933,000 after buying an additional 2,153,775 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Vital Farms by 41.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock valued at $30,400,000 after acquiring an additional 632,537 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

About Vital Farms

(Get Free Report)

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.

Recommended Stories