Shares of Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.60.
Several research firms recently weighed in on VITL. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday. DA Davidson lifted their price objective on Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Lake Street Capital raised their target price on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th.
Check Out Our Latest Stock Analysis on Vital Farms
Insider Buying and Selling at Vital Farms
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Vital Farms in the second quarter worth $42,000. CWM LLC raised its stake in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares during the last quarter. Quest Partners LLC bought a new position in Vital Farms in the second quarter worth about $97,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Vital Farms during the fourth quarter valued at approximately $127,000. Institutional investors own 98.59% of the company’s stock.
Vital Farms Trading Down 3.3 %
Shares of NASDAQ:VITL opened at $30.47 on Monday. The company has a market capitalization of $1.29 billion, a P/E ratio of 35.85 and a beta of 0.98. Vital Farms has a 1 year low of $10.30 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The business’s 50 day simple moving average is $40.98 and its 200 day simple moving average is $30.32.
Vital Farms (NASDAQ:VITL – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. The firm had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, research analysts anticipate that Vital Farms will post 0.98 EPS for the current fiscal year.
Vital Farms Company Profile
Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.
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