Vital Farms (NASDAQ:VITL) Announces Earnings Results, Misses Expectations By $0.04 EPS

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

Vital Farms Stock Performance

VITL opened at $9.18 on Tuesday. The company has a market cap of $394.12 million, a P/E ratio of -229.50 and a beta of 1.08. 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’s 50-day moving average price is $9.75 and its 200-day moving average price is $14.06. Vital Farms has a 52-week low of $7.95 and a 52-week high of $38.64.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VITL. Stifel Nicolaus reduced their price target on Vital Farms from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Zacks Research upgraded Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings cut Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. DA Davidson set a $10.00 target price on Vital Farms in a research note on Tuesday, October 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a $15.00 target price on shares of Vital Farms in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vital Farms 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.