Vital Farms (NASDAQ:VITL) Releases Earnings Results, Misses Estimates By $0.04 EPS

Vital Farms (NASDAQ:VITL – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04), RTT News reports. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The firm had revenue of $182.16 million during the quarter, compared to the consensus estimate of $181.78 million. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year.

Vital Farms Trading Up 5.9%

Shares of Vital Farms stock opened at $9.18 on Tuesday. The company’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $14.06. The company has a market cap of $394.12 million, a price-to-earnings ratio of -229.50 and a beta of 1.08. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Vital Farms has a 1 year low of $7.95 and a 1 year high of $38.64.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. TD Cowen cut their target price on shares of Vital Farms from $11.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. DA Davidson set a $10.00 price target on shares of Vital Farms in a report on Tuesday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target on shares of Vital Farms in a research report on Thursday, September 17th. Finally, Weiss Ratings lowered Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.36.

View Our Latest Stock Analysis on VITL

Vital Farms Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Vital Farms (NASDAQ:VITL)

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