Vital Farms (NASDAQ:VITL) Trading 12.8% Higher – Time to Buy?

Shares of Vital Farms, Inc. (NASDAQ:VITL) traded up 12.8% on Monday . The stock traded as high as $11.84 and last traded at $11.9180. Approximately 446,644 shares traded hands during trading, a decline of 82% from the average session volume of 2,438,743 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Craig Hallum downgraded Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Friday, May 8th. DA Davidson decreased their target price on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Mizuho set a $20.00 price target on shares of Vital Farms in a report on Monday, May 4th. Benchmark raised shares of Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $10.00 price target on shares of Vital Farms in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vital Farms has an average rating of “Hold” and an average target price of $17.18.

Vital Farms Stock Performance

The company has a market capitalization of $483.20 million, a PE ratio of -281.32 and a beta of 1.07. The company has a 50 day moving average of $12.05 and a two-hundred day moving average of $14.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, meeting the consensus estimate of ($0.47). The business 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%.The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that Vital Farms, Inc. will post -0.48 earnings per share for the current year.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in shares of Vital Farms by 1,032.2% during the second quarter. California State Teachers Retirement System now owns 463,851 shares of the company’s stock valued at $5,395,000 after purchasing an additional 422,883 shares during the last quarter. Raiffeisen Bank International AG grew its stake in shares of Vital Farms by 8.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 27,000 shares of the company’s stock worth $305,000 after buying an additional 2,000 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Vital Farms in the 2nd quarter worth approximately $292,000. Headlands Technologies LLC increased its position in Vital Farms by 98.1% during the 2nd quarter. Headlands Technologies LLC now owns 141,844 shares of the company’s stock valued at $1,650,000 after buying an additional 70,233 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Vital Farms during the 2nd quarter valued at approximately $133,000. Institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

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.