Shares of Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) have earned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.64.
Several brokerages recently issued reports on VITL. Weiss Ratings lowered shares of Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Wednesday, November 4th. Craig Hallum upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, November 3rd. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, DA Davidson set a $10.00 price objective on shares of Vital Farms in a research report on Tuesday, October 27th.
Get Our Latest Report on Vital Farms
Insider Transactions at Vital Farms
In other Vital Farms news, major shareholder Matthew O’Hayer sold 66,200 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $9.68, for a total value of $640,816.00. Following the completion of the sale, the insider owned 6,261,970 shares of the company’s stock, valued at approximately $60,615,869.60. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 93,000 shares of company stock valued at $896,918 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Vital Farms
A number of institutional investors have recently modified their holdings of the company. Freestone Grove Partners LP bought a new position in shares of Vital Farms in the 2nd quarter worth $26,000. Frazier Financial Advisors LLC bought a new stake in Vital Farms during the 2nd quarter valued at $27,000. GAMMA Investing LLC increased its stake in Vital Farms by 196.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock valued at $39,000 after purchasing an additional 2,232 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Vital Farms during the second quarter worth $42,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Vital Farms by 77.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,697 shares of the company’s stock worth $44,000 after buying an additional 2,044 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.
Vital Farms Trading Up 1.1%
VITL traded up $0.10 during trading on Friday, hitting $9.07. The company’s stock had a trading volume of 1,243,951 shares, compared to its average volume of 1,908,280. Vital Farms has a twelve month low of $7.95 and a twelve month high of $36.10. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $9.59 and its 200-day moving average price is $13.21. The firm has a market capitalization of $389.47 million, a P/E ratio of -16.49 and a beta of 1.16.
Vital Farms (NASDAQ:VITL – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The business had revenue of $182.16 million for the quarter, compared to the consensus estimate of $181.78 million. Vital Farms had a negative return on equity of 3.74% and a negative net margin of 3.03%. Vital Farms’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts anticipate that Vital Farms will post -0.82 EPS for the current year.
About Vital Farms
Vital Farms, Inc. is a food company that produces and markets pasture-raised eggs and butter. Its products are sold under the Vital Farms brand and include shell eggs, hard-boiled eggs and butter. Founded in 2007 and headquartered in Austin, Texas, the company works with a network of family farms that raise hens on pasture. Vital Farms sources its products from farms primarily across the United States. The company distributes its products through grocery retailers and other food channels, including foodservice.
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