Vital Farms, Inc. (NASDAQ:VITL) Stock Has Average Price Target of $16.91 According to Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.73.

Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Vital Farms in a research note on Thursday, September 17th. DA Davidson lowered their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. TD Cowen dropped their target price on shares of Vital Farms from $11.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Finally, Jefferies Financial Group set a $13.00 target price on shares of Vital Farms in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VITL. BlackRock Inc. bought a new position in Vital Farms in the second quarter worth about $60,153,000. Van Berkom & Associates Inc. boosted its position in Vital Farms by 1,998.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock valued at $31,933,000 after acquiring an additional 2,153,775 shares in the last quarter. Cibc World Market Inc. bought a new stake in Vital Farms during the 2nd quarter valued at approximately $12,975,000. Bank of America Corp DE purchased a new position in shares of Vital Farms during the 2nd quarter worth approximately $8,086,000. Finally, Principal Financial Group Inc. grew its holdings in shares of 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 during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Up 0.7%

Shares of VITL opened at $8.22 on Wednesday. Vital Farms has a 1-year low of $7.95 and a 1-year high of $40.00. The company has a market capitalization of $352.88 million, a P/E ratio of -205.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $11.08.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting analysts’ consensus estimates of ($0.47). The business had revenue of $166.03 million during the quarter, compared to analysts’ expectations of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Sell-side analysts forecast that Vital Farms will post -0.53 earnings per share for the current fiscal year.

About Vital Farms

Vital Farms, Inc (NASDAQ: VITL) is a food company that produces and markets pasture-raised eggs and other ethically sourced food products. Its portfolio includes pasture-raised eggs, egg bites, hard-boiled eggs, butter and ghee, sold under the Vital Farms brand.

Founded in 2007, the company works with a network of family farms that follow its animal-care standards. Vital Farms emphasizes outdoor access for hens, traceability and responsible farming practices, and markets its products as alternatives to conventional eggs and dairy offerings.

Vital Farms serves consumers primarily through grocery retailers and other food channels across the United States.