Vital Farms (NASDAQ:VITL) Trading Up 12.8% – What’s Next?

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

Analyst Ratings Changes

A number of brokerages have recently commented on VITL. DA Davidson dropped their target price on Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Wall Street Zen lowered Vital Farms from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Stifel Nicolaus set a $11.00 price target on Vital Farms in a research report on Friday, August 7th. TD Cowen lifted their price objective on shares of Vital Farms from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Finally, Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vital Farms has an average rating of “Hold” and an average target price of $17.18.

Vital Farms Stock Up 0.3%

The firm has a market cap of $476.95 million, a P/E ratio of -277.75 and a beta of 1.07. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $12.07 and a 200-day moving average price of $14.08.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to the consensus estimate of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. On average, equities analysts forecast that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

A number of large investors have recently made changes to their positions in VITL. Triumph Capital Management purchased a new position in shares of Vital Farms in the fourth quarter worth about $25,000. Freestone Grove Partners LP purchased a new stake in Vital Farms in the second quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new stake in Vital Farms in the second quarter valued at approximately $27,000. Quarry LP acquired a new position in Vital Farms in the 4th quarter worth approximately $27,000. Finally, Global Retirement Partners LLC increased its holdings in Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Company Profile

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.