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

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.1818.

A number of research firms have issued reports on VITL. Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Morgan Stanley set a $10.00 price target on Vital Farms in a research report on Friday, May 8th. Stifel Nicolaus set a $11.00 price objective on Vital Farms in a research report on Friday, August 7th. DA Davidson cut their price target on 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 raised their price objective on shares of Vital Farms from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 7th.

Institutional Trading of Vital Farms

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Vital Farms during the 2nd quarter worth about $60,153,000. Vanguard Group Inc. lifted its stake in shares of Vital Farms by 22.9% in 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 period. Wasatch Advisors LP lifted its stake 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 valued at $85,831,000 after buying an additional 324,725 shares during the period. Van Berkom & Associates Inc. grew its position in Vital Farms by 1,998.7% during 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 in the last quarter. Finally, Principal Financial Group Inc. grew its position in Vital Farms by 41.6% during the first quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock worth $30,400,000 after buying an additional 632,537 shares in the last quarter. 98.59% of the stock is owned by institutional investors.

Vital Farms Price Performance

Shares of Vital Farms stock opened at $10.44 on Tuesday. The firm has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $13.85. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Vital Farms has a 1-year low of $7.95 and a 1-year high of $52.79. The stock has a market capitalization of $448.19 million, a price-to-earnings ratio of -261.00 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 the consensus estimate of ($0.47). The business had revenue of $166.03 million during 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%. Vital Farms’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. On average, sell-side analysts expect that Vital Farms will post -0.48 earnings per share for the current 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.