Vital Farms, Inc. (NASDAQ:VITL) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.00.
Separately, Zacks Investment Research cut shares of Vital Farms from a “buy” rating to a “hold” rating in a report on Friday, January 8th.
Shares of NASDAQ VITL traded down $1.40 during midday trading on Tuesday, reaching $28.47. The company had a trading volume of 38,119 shares, compared to its average volume of 603,409. The business’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $31.97. Vital Farms has a 1 year low of $23.78 and a 1 year high of $43.30. The company has a current ratio of 5.60, a quick ratio of 5.15 and a debt-to-equity ratio of 0.05.
Several institutional investors have recently modified their holdings of VITL. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Vital Farms in the fourth quarter worth about $42,000. Advisory Services Network LLC acquired a new position in shares of Vital Farms in the fourth quarter worth about $52,000. Strs Ohio acquired a new position in shares of Vital Farms in the third quarter worth about $105,000. American International Group Inc. acquired a new position in shares of Vital Farms in the third quarter worth about $249,000. Finally, Citigroup Inc. raised its position in shares of Vital Farms by 1,712.3% in the fourth quarter. Citigroup Inc. now owns 11,182 shares of the company’s stock worth $283,000 after acquiring an additional 10,565 shares during the period. Institutional investors and hedge funds own 31.25% of the company’s stock.
Vital Farms Company Profile
Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. The company was founded in 2007 and is headquartered in Austin, Texas.
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