Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.60.
Several equities analysts have weighed in on the company. Stifel Nicolaus cut their price target on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, August 9th.
Check Out Our Latest Report on VITL
Insider Transactions at Vital Farms
Hedge Funds Weigh In On Vital Farms
A number of large investors have recently bought and sold shares of VITL. Lord Abbett & CO. LLC boosted its holdings in Vital Farms by 116.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after acquiring an additional 463,471 shares during the period. Millennium Management LLC boosted its holdings in Vital Farms by 651.3% during the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock valued at $23,112,000 after acquiring an additional 428,382 shares during the period. Emerald Advisers LLC purchased a new position in Vital Farms during the 2nd quarter valued at $15,977,000. Renaissance Technologies LLC boosted its holdings in Vital Farms by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after acquiring an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after acquiring an additional 288,039 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.
Vital Farms Stock Down 2.5 %
Shares of VITL opened at $34.82 on Tuesday. The business’s 50 day moving average is $33.08 and its 200 day moving average is $33.76. The company has a market capitalization of $1.50 billion, a PE ratio of 40.96 and a beta of 0.96. Vital Farms has a 12-month low of $10.41 and a 12-month high of $48.41. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04.
Vital Farms (NASDAQ:VITL – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The firm’s quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Research analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.
Vital Farms Company Profile
Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.
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