Vital Farms Inc (NASDAQ: VITL): Reassessing Prospects

Vital Farms Inc (VITL) concluded trading on Thursday at a closing price of $37.97, with 4.0 million shares of worth about $151.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 216.15% during that period and on May 09, 2024 the price saw a gain of about 26.95%. Currently the company’s common shares owned by public are about 41.68M shares, out of which, 27.26M shares are available for trading.

Stock saw a price change of 34.60% in past 5 days and over the past one month there was a price change of 53.10%. Year-to-date (YTD), VITL shares are showing a performance of 142.00% which increased to 142.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.00 but also hit the highest price of $30.05 during that period. The average intraday trading volume for Vital Farms Inc shares is 518.20K. The stock is currently trading 42.35% above its 20-day simple moving average (SMA20), while that difference is up 59.13% for SMA50 and it goes to 141.18% higher than SMA200.

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Vital Farms Inc (NASDAQ: VITL) currently have 41.68M outstanding shares and institutions hold larger chunk of about 62.55% of that.

The stock has a current market capitalization of $1.60B and its 3Y-monthly beta is at 0.81. PE ratio of stock for trailing 12 months is 64.32, while it has posted earnings per share of $0.59 in the same period. It has Quick Ratio of 2.49 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VITL, volatility over the week remained 6.21% while standing at 4.56% over the month.

Analysts are in expectations that Vital Farms Inc (VITL) stock would likely to be making an EPS of $0.21 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $0.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.16 which is $0.28 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 36.48% while it is estimated to increase by 22.35% in next year.

Coverage by DA Davidson stated Vital Farms Inc (VITL) stock as a Buy in their note to investors on December 08, 2023, suggesting a price target of $21 for the stock. On September 13, 2023, TD Cowen Initiated their recommendations, while on April 14, 2023, Stifel Resumed their ratings for the stock with a price target of $18. Stock get a Hold rating from Needham on April 13, 2023.

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