Vital Farms (NASDAQ:VITL) Posts Earnings Results, Beats Estimates By $0.02 EPS

Vital Farms (NASDAQ:VITLGet Rating) posted its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02, MarketWatch Earnings reports. Vital Farms had a return on equity of 1.61% and a net margin of 0.93%. During the same quarter last year, the firm posted $0.08 EPS.

Shares of NASDAQ:VITL traded up $0.63 during trading on Friday, reaching $12.55. 340,934 shares of the company traded hands, compared to its average volume of 219,473. The company’s 50 day moving average is $12.57 and its two-hundred day moving average is $15.51. Vital Farms has a 52 week low of $11.06 and a 52 week high of $24.36.

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of Vital Farms by 2.8% during the 4th quarter. California State Teachers Retirement System now owns 26,954 shares of the company’s stock valued at $487,000 after acquiring an additional 729 shares during the period. Royal Bank of Canada lifted its position in shares of Vital Farms by 12.8% during the 2nd quarter. Royal Bank of Canada now owns 7,772 shares of the company’s stock valued at $156,000 after acquiring an additional 883 shares during the period. Citigroup Inc. lifted its position in shares of Vital Farms by 97.4% during the 4th quarter. Citigroup Inc. now owns 6,505 shares of the company’s stock worth $117,000 after buying an additional 3,209 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vital Farms by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,000 shares of the company’s stock worth $3,107,000 after buying an additional 4,155 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Vital Farms by 2.0% during the 3rd quarter. Morgan Stanley now owns 270,574 shares of the company’s stock worth $4,753,000 after buying an additional 5,253 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

A number of research firms recently weighed in on VITL. The Goldman Sachs Group decreased their target price on Vital Farms from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, March 16th. BMO Capital Markets decreased their price objective on Vital Farms from $20.00 to $15.00 in a report on Friday. Credit Suisse Group decreased their price objective on Vital Farms from $20.00 to $15.50 and set a “neutral” rating on the stock in a report on Friday, March 11th. Finally, Zacks Investment Research raised Vital Farms from a “sell” rating to a “hold” rating in a report on Thursday, March 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.58.

About Vital Farms (Get Rating)

Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.

See Also

Earnings History for Vital Farms (NASDAQ:VITL)

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