Vital Farms, Inc. (NASDAQ:VITL) Stock Rated “Hold” by Sell-Side Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.18.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $11.00 target price on shares of Vital Farms in a research note on Friday, August 7th. Benchmark upgraded Vital Farms from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Jefferies Financial Group set a $13.00 price target on Vital Farms in a report on Tuesday, June 30th. BMO Capital Markets reiterated an “outperform” rating and set a $15.00 price target on shares of Vital Farms in a research report on Friday, August 7th. Finally, Zacks Research raised Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th.

Institutional Investors Weigh In On Vital Farms

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Vital Farms by 46.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,405,032 shares of the company’s stock valued at $19,836,000 after purchasing an additional 447,728 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of Vital Farms in the fourth quarter valued at about $6,901,000. Van Berkom & Associates Inc. increased its stake in shares of 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 purchasing an additional 2,153,775 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of Vital Farms during the first quarter worth about $1,943,000. Finally, Expect Equity LLC purchased a new stake in shares of Vital Farms during the second quarter worth about $1,319,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Trading Down 1.4%

NASDAQ VITL opened at $9.95 on Friday. The company has a market capitalization of $427.15 million, a PE ratio of -248.75 and a beta of 1.05. The company has a fifty day moving average of $11.34 and a 200 day moving average of $11.84. Vital Farms has a 1 year low of $7.95 and a 1 year high of $45.15. 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 issued its earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting analysts’ consensus estimates of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to the consensus estimate 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 was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Research analysts forecast that Vital Farms will post -0.48 earnings per share 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.