Needham & Company LLC reaffirmed their buy rating on shares of Vital Farms (NASDAQ:VITL – Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $14.00 price objective on the stock.
Several other research analysts have also recently commented on VITL. BMO Capital Markets reiterated an “outperform” rating and issued a $15.00 target price on shares of Vital Farms in a report on Friday, August 7th. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. TD Cowen raised 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, DA Davidson lowered their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.18.
View Our Latest Stock Analysis on Vital Farms
Vital Farms Stock Up 2.5%
Vital Farms (NASDAQ:VITL – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to analysts’ expectations of $160.24 million. Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.Vital Farms’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Equities analysts anticipate that Vital Farms will post -0.48 earnings per share for the current year.
Hedge Funds Weigh In On Vital Farms
A number of large investors have recently made changes to their positions in VITL. Integrated Wealth Concepts LLC acquired a new position in shares of Vital Farms in the 2nd quarter valued at about $42,000. Squarepoint Ops LLC acquired a new stake in shares of Vital Farms during the second quarter worth approximately $511,000. Cygnus Capital Advisors LLC grew its position in Vital Farms by 721.0% during the second quarter. Cygnus Capital Advisors LLC now owns 232,480 shares of the company’s stock valued at $2,704,000 after purchasing an additional 204,162 shares in the last quarter. Corient Private Wealth LP purchased a new position in Vital Farms during the second quarter valued at approximately $1,752,000. Finally, Raiffeisen Bank International AG increased its stake in Vital Farms by 8.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 27,000 shares of the company’s stock valued at $305,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.
About Vital Farms
Vital Farms, Inc is a food company focused on ethically produced pasture-raised eggs and other products. The company’s offerings include pasture-raised eggs, butter, ghee and hard-boiled eggs, which are sold under the Vital Farms brand through grocery retailers and other distribution channels.
Founded in 2007, Vital Farms works with a network of family farms and emphasizes animal welfare, pasture access and supply-chain transparency. Its products are marketed primarily in the United States and are available through retail and foodservice channels.
The company is headquartered in Austin, Texas.
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