TD Cowen Has Lowered Expectations for Vital Farms (NASDAQ:VITL) Stock Price

Vital Farms (NASDAQ:VITL) had its price objective cut by analysts at TD Cowen from $11.00 to $8.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price objective points to a potential downside of 16.41% from the stock’s current price.

Other analysts also recently issued reports about the stock. BMO Capital Markets reissued an “outperform” rating and issued a $15.00 price target on shares of Vital Farms in a report on Friday, August 7th. Stifel Nicolaus set a $11.00 price objective on shares of Vital Farms in a report on Friday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of Vital Farms in a research report on Thursday, September 17th. DA Davidson reduced their target price on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Vital Farms from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.91.

Vital Farms Stock Performance

Shares of VITL traded up $0.10 during mid-day trading on Tuesday, hitting $9.57. The company’s stock had a trading volume of 266,788 shares, compared to its average volume of 2,304,374. Vital Farms has a one year low of $7.95 and a one year high of $42.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10. The firm has a market capitalization of $410.84 million, a PE ratio of -239.90 and a beta of 1.08. The stock’s 50-day moving average is $10.50 and its two-hundred day moving average is $11.28.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.47). Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business had revenue of $166.03 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Vital Farms’s revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vital Farms will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Freestone Grove Partners LP acquired a new stake in Vital Farms during the second quarter valued at approximately $26,000. Frazier Financial Advisors LLC bought a new position in shares of Vital Farms during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in Vital Farms by 196.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,367 shares of the company’s stock valued at $39,000 after buying an additional 2,232 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Vital Farms in the 2nd quarter valued at $42,000. Finally, Assetmark Inc. boosted its stake in Vital Farms by 53.7% in the 1st quarter. Assetmark Inc. now owns 5,732 shares of the company’s stock valued at $81,000 after buying an additional 2,002 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

Vital Farms, Inc (NASDAQ: VITL) is a food company that produces and markets pasture-raised eggs and other ethically sourced food products. Its portfolio includes pasture-raised eggs, egg bites, hard-boiled eggs, butter and ghee, sold under the Vital Farms brand.

Founded in 2007, the company works with a network of family farms that follow its animal-care standards. Vital Farms emphasizes outdoor access for hens, traceability and responsible farming practices, and markets its products as alternatives to conventional eggs and dairy offerings.

Vital Farms serves consumers primarily through grocery retailers and other food channels across the United States.