Vital Farms, Inc. Forecasted to Post Q3 2022 Earnings of ($0.01) Per Share (NASDAQ:VITL)

Vital Farms, Inc. (NASDAQ:VITLGet Rating) – Analysts at Jefferies Financial Group dropped their Q3 2022 earnings per share (EPS) estimates for Vital Farms in a report issued on Thursday, September 15th. Jefferies Financial Group analyst R. Dickerson now expects that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01. The consensus estimate for Vital Farms’ current full-year earnings is $0.04 per share. Jefferies Financial Group also issued estimates for Vital Farms’ Q4 2022 earnings at $0.01 EPS, Q1 2023 earnings at $0.00 EPS, Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.06 EPS, FY2023 earnings at $0.19 EPS, Q1 2024 earnings at $0.05 EPS and FY2024 earnings at $0.38 EPS.

Separately, Morgan Stanley upgraded Vital Farms from an “equal weight” rating to an “overweight” rating and set a $12.00 price target for the company in a report on Wednesday, July 20th.

Vital Farms Stock Down 3.0 %

Shares of VITL stock opened at $11.82 on Monday. Vital Farms has a 52-week low of $7.89 and a 52-week high of $20.17. The stock’s 50-day moving average price is $12.29 and its 200 day moving average price is $11.46. The stock has a market capitalization of $480.84 million, a PE ratio of -73.88 and a beta of 0.63.

Institutional Trading of Vital Farms

Several hedge funds have recently modified their holdings of VITL. Amalgamated Bank bought a new position in shares of Vital Farms in the first quarter worth approximately $50,000. Prospera Financial Services Inc bought a new stake in shares of Vital Farms during the 1st quarter valued at about $65,000. Legal & General Group Plc grew its stake in shares of Vital Farms by 22.3% during the 2nd quarter. Legal & General Group Plc now owns 7,842 shares of the company’s stock valued at $69,000 after acquiring an additional 1,432 shares during the period. American International Group Inc. lifted its holdings in Vital Farms by 14.6% in the 2nd quarter. American International Group Inc. now owns 13,981 shares of the company’s stock worth $122,000 after purchasing an additional 1,784 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of Vital Farms during the 1st quarter worth approximately $137,000. Institutional investors own 63.49% of the company’s stock.

About Vital Farms

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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.

Further Reading

Earnings History and Estimates for Vital Farms (NASDAQ:VITL)

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