Vital Farms (NASDAQ:VITL) Trading Up 12.8% - What's Next?

Key Points

• Vital Farms shares jumped 12.8% to approximately $11.92, although trading volume was 82% below the stock’s average daily volume.
• Analyst sentiment remains mixed: five analysts rate the stock Buy, eight Hold and one Sell. The consensus rating is Hold, with an average price target of $17.18.
• The company’s latest quarterly revenue of $166.03 million exceeded expectations, but revenue fell 10.2% year over year and Vital Farms reported a loss of $0.47 per share. Institutional investors own a substantial 98.59% of the stock.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) shares rose 12.8% during trading on Monday . The company traded as high as $11.84 and last traded at $11.9180. 446,644 shares were traded during trading, a decline of 82% from the average daily volume of 2,438,743 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VITL shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Vital Farms in a report on Friday, August 7th. Benchmark upgraded Vital Farms from a "hold" rating to a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings cut Vital Farms from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Craig Hallum lowered Vital Farms from a "buy" rating to a "hold" rating and set a $10.00 target price on the stock. in a research note on Friday, May 8th. Finally, TD Cowen raised their price target on Vital Farms from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.18.

Vital Farms Stock Up 6.5%

The stock has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $14.30. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $483.20 million, a PE ratio of -281.32 and a beta of 1.07.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.47). The firm had revenue of $166.03 million during the quarter, compared to analysts' expectations 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 for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. Analysts expect that Vital Farms, Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of Vital Farms

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

About Vital Farms

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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