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
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
- Five stocks we like better than Vital Farms
- SpaceX Sent Verizon and T-Mobile Stocks Tumbling—Did Wall Street Overreact?
- SpaceX Starlink’s Telecom Ground Game Takes Shape
- AST SpaceMobile’s Brazil Breakthrough Could Set the Stage for a Q3 Stock Rebound
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
Receive News & Ratings for Vital Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Farms and related companies with MarketBeat.com's FREE daily email newsletter.
