Vital Farms (NASDAQ:VITL) Announces Earnings Results

Key Points

• Vital Farms missed earnings expectations: Quarterly EPS was a loss of $0.15, versus analysts’ expected loss of $0.11, while revenue of $182.16 million slightly exceeded the $181.78 million consensus.
• The stock traded up 5.9%, opening at $9.18, but remains well below its 52-week high of $38.64 and has a market capitalization of approximately $394 million.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $16.36; ratings include five Buys, eight Holds and one Sell.

Vital Farms (NASDAQ:VITL - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04), RTT News reports. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The firm had revenue of $182.16 million for the quarter, compared to the consensus estimate of $181.78 million. During the same period last year, the firm earned $0.36 earnings per share.

Vital Farms Trading Up 5.9%

Shares of NASDAQ VITL opened at $9.18 on Tuesday. Vital Farms has a 1-year low of $7.95 and a 1-year high of $38.64. The business has a fifty day moving average price of $9.75 and a 200 day moving average price of $14.06. The stock has a market capitalization of $394.12 million, a P/E ratio of -229.50 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark upgraded Vital Farms from a "hold" rating to a "buy" rating in a research note on Thursday, August 6th. Stifel Nicolaus lowered their price objective on shares of Vital Farms from $11.00 to $9.00 and set a "hold" rating for the company in a research note on Thursday, October 15th. Weiss Ratings cut shares of Vital Farms from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 29th. Zacks Research upgraded shares of Vital Farms from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Finally, DA Davidson set a $10.00 target price on shares of Vital Farms in a research report on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $16.36.

About Vital Farms

Vital Farms, Inc is a food company that produces and markets pasture-raised eggs and other ethically sourced food products. Its offerings include pasture-raised eggs, butter, hard-boiled eggs and ghee, sold under the Vital Farms brand.

Founded in 2007, the company works with a network of family farms and focuses on animal welfare, outdoor access and supply-chain transparency. Vital Farms products are distributed primarily through grocery retailers and other food channels across the United States.

Vital Farms is headquartered in Austin, Texas.

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