Vital Farms, Inc. (NASDAQ:VITL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Among 14 analysts, eight rate Vital Farms a hold, five recommend buying, and one recommends selling. The average 12-month price target is $17.18.
• Recent results were mixed: Vital Farms reported quarterly revenue of $166.03 million, exceeding expectations, but revenue fell 10.2% year over year and the company posted an adjusted loss of $0.47 per share.
• Institutional ownership remains high: Hedge funds and institutional investors own 98.59% of the company, with several firms increasing their positions during the second quarter. Shares recently traded at $11.08, down from the stock’s 200-day average of $14.19.

Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have received an average rating of "Hold" from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.1818.

Several equities research analysts have recently issued reports on VITL shares. Telsey Advisory Group cut Vital Farms from an "outperform" rating to a "market perform" rating and set a $11.00 price objective on the stock. in a report on Friday, May 8th. BMO Capital Markets reiterated an "outperform" rating and set a $15.00 target price on shares of Vital Farms in a research report on Friday, August 7th. Needham & Company LLC raised their price target on Vital Farms from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Vital Farms from a "hold" rating to a "strong sell" rating in a research note on Saturday, May 9th. Finally, TD Cowen upped their price objective on shares of Vital Farms from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, August 7th.

Hedge Funds Weigh In On Vital Farms

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Vital Farms by 1,032.2% in the 2nd quarter. California State Teachers Retirement System now owns 463,851 shares of the company's stock valued at $5,395,000 after purchasing an additional 422,883 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in shares of Vital Farms by 8.0% during the 2nd quarter. Raiffeisen Bank International AG now owns 27,000 shares of the company's stock worth $305,000 after buying an additional 2,000 shares during the last quarter. AXQ Capital LP acquired a new stake in shares of Vital Farms during the 2nd quarter worth $292,000. Headlands Technologies LLC raised its position in shares of Vital Farms by 98.1% in the 2nd quarter. Headlands Technologies LLC now owns 141,844 shares of the company's stock worth $1,650,000 after buying an additional 70,233 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of Vital Farms in the 2nd quarter worth $133,000. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Trading Up 4.8%

Shares of VITL stock opened at $11.08 on Tuesday. The company has a market capitalization of $475.66 million, a price-to-earnings ratio of -277.00 and a beta of 1.07. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $12.06 and a 200 day moving average price of $14.19. Vital Farms has a twelve month low of $7.95 and a twelve month high of $53.13.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.47). The company had revenue of $166.03 million for 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 firm's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. Research analysts forecast that Vital Farms will post -0.48 earnings per share for the current fiscal year.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms' supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.

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