Vital Farms, Inc. (VITL) – What Are Researchers Saying About This Stock?

Vital Farms, Inc. (NASDAQ:VITL) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.64.

Several brokerages have recently commented on VITL. DA Davidson set a $10.00 price objective on Vital Farms in a research report on Tuesday, October 27th. TD Cowen cut their target price on Vital Farms from $11.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings downgraded Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Benchmark raised Vital Farms from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Vital Farms in a report on Wednesday, November 4th.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $8.97 on Friday. The firm has a fifty day moving average price of $9.61 and a 200-day moving average price of $13.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.20. The stock has a market cap of $385.17 million, a PE ratio of -16.31 and a beta of 1.16. Vital Farms has a 1 year low of $7.95 and a 1 year high of $36.10.

Vital Farms (NASDAQ:VITL) last released its earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $182.16 million for the quarter, compared to analysts’ expectations of $181.78 million. Vital Farms had a negative net margin of 3.03% and a negative return on equity of 3.74%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. Equities analysts anticipate that Vital Farms will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, major shareholder Matthew O’Hayer sold 66,200 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $9.68, for a total transaction of $640,816.00. Following the completion of the sale, the insider directly owned 6,261,970 shares of the company’s stock, valued at $60,615,869.60. This trade represents a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Institutional investors have recently bought and sold shares of the business. Freestone Grove Partners LP bought a new stake in shares of Vital Farms in the 2nd quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new position in Vital Farms during the 2nd quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in Vital Farms by 196.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock valued at $39,000 after acquiring an additional 2,232 shares during the period. Integrated Wealth Concepts LLC bought a new position in Vital Farms in the 2nd quarter valued at $42,000. Finally, Pinnacle Wealth Planning Services Inc. grew its position in Vital Farms by 77.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,697 shares of the company’s stock valued at $44,000 after acquiring an additional 2,044 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

Vital Farms, Inc. is a food company that produces and markets pasture-raised eggs and butter. Its products are sold under the Vital Farms brand and include shell eggs, hard-boiled eggs and butter. Founded in 2007 and headquartered in Austin, Texas, the company works with a network of family farms that raise hens on pasture. Vital Farms sources its products from farms primarily across the United States. The company distributes its products through grocery retailers and other food channels, including foodservice.