Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.00.
A number of research firms recently issued reports on VITL. Lake Street Capital lifted their price target on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Vital Farms from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a research note on Monday, March 18th. Finally, William Blair started coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They set an “outperform” rating on the stock.
View Our Latest Report on Vital Farms
Insiders Place Their Bets
Institutional Trading of Vital Farms
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC raised its holdings in Vital Farms by 82.1% in the 1st quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock valued at $8,681,000 after buying an additional 168,296 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Vital Farms during the first quarter worth about $656,000. Ranger Investment Management L.P. acquired a new position in shares of Vital Farms during the fourth quarter worth about $3,016,000. Tower Research Capital LLC TRC grew its position in shares of Vital Farms by 211.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock worth $97,000 after buying an additional 4,192 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Vital Farms during the fourth quarter worth about $720,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
Vital Farms Stock Performance
Shares of Vital Farms stock opened at $27.00 on Friday. Vital Farms has a 52 week low of $10.00 and a 52 week high of $27.37. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.13 billion, a P/E ratio of 46.55 and a beta of 0.89. The company has a 50 day moving average price of $22.18 and a 200 day moving average price of $16.64.
Vital Farms (NASDAQ:VITL – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The business had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. During the same quarter last year, the company earned $0.04 EPS. Sell-side analysts expect that Vital Farms will post 0.77 EPS for the current 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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