Analysts Set Vital Farms, Inc. (NASDAQ:VITL) PT at $17.18

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat reports. One 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 brokerages that have covered the stock in the last year is $17.1818.

Several research firms have recently weighed in on VITL. Stifel Nicolaus set a $11.00 target price on Vital Farms in a research report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Vital Farms in a research note on Friday, August 7th. Jefferies Financial Group set a $13.00 price objective on shares of Vital Farms in a report on Tuesday, June 30th. Zacks Research raised shares of Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, TD Cowen boosted their price objective on shares of Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 7th.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Vital Farms during the 2nd quarter worth $60,153,000. Van Berkom & Associates Inc. lifted its stake in 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 acquiring an additional 2,153,775 shares during the period. Principal Financial Group Inc. grew its holdings in Vital Farms by 41.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock worth $30,400,000 after acquiring an additional 632,537 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Vital Farms during the 4th quarter valued at about $25,534,000. Finally, Needham Investment Management LLC increased its position in Vital Farms by 31.1% during the 4th quarter. Needham Investment Management LLC now owns 685,000 shares of the company’s stock valued at $21,879,000 after purchasing an additional 162,500 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $10.31 on Friday. 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 12 month low of $7.95 and a 12 month high of $45.15. The company has a market capitalization of $442.63 million, a price-to-earnings ratio of -257.75 and a beta of 1.05. The firm’s 50-day moving average is $11.48 and its 200 day moving average is $11.92.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, meeting analysts’ consensus estimates of ($0.47). Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.The firm had revenue of $166.03 million for the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Research analysts predict that Vital Farms will post -0.48 EPS for the current year.

Vital Farms Company Profile

Vital Farms, Inc is a food company focused on ethically produced pasture-raised eggs and other products. The company’s offerings include pasture-raised eggs, butter, ghee and hard-boiled eggs, which are sold under the Vital Farms brand through grocery retailers and other distribution channels.

Founded in 2007, Vital Farms works with a network of family farms and emphasizes animal welfare, pasture access and supply-chain transparency. Its products are marketed primarily in the United States and are available through retail and foodservice channels.

The company is headquartered in Austin, Texas.