In the latest trading session, 0.65 million Vital Farms Inc (NASDAQ:VITL) shares changed hands as the company’s beta touched 0.97. With the company’s most recent per share price at $36.41 changed hands at -$1.9 or -4.96% at last look, the market valuation stands at $1.57B. VITL’s current price is a discount, trading about -32.96% off its 52-week high of $48.41. The share price had its 52-week low at $10.41, which suggests the last value was 71.41% up since then. When we look at Vital Farms Inc’s average trading volume, we note the 10-day average is 1.2 million shares, with the 3-month average coming to 1.04 million.
Analysts gave the Vital Farms Inc (VITL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended VITL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Vital Farms Inc’s EPS for the current quarter is expected to be 0.12.
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Vital Farms Inc (NASDAQ:VITL) trade information
Instantly VITL was in red as seen in intraday trades today. With action -11.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 132.06%, with the 5-day performance at -11.00% in the red. However, in the 30-day time frame, Vital Farms Inc (NASDAQ:VITL) is 1.90% up. Looking at the short shares, we see there were 8.5 million shares sold at short interest cover period of 8.91 days.
The consensus price target for the stock as assigned by Wall Street analysts is 35, meaning bulls need a downside of -4.03% from its recent market value. According to analyst projections, VITL’s forecast low is 12 with 45 as the target high. To hit the forecast high, the stock’s price needs a -23.59% plunge from its current level, while the stock would need to tank 67.04% for it to hit the projected low.
Vital Farms Inc (VITL) estimates and forecasts
Data shows that the Vital Farms Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 36.67% over the past 6 months, a 88.14% in annual growth rate that is considerably higher than the industry average of 9.90%. Year-over-year growth is forecast to reach 26.50% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 143.92M. 6 analysts are of the opinion that Vital Farms Inc’s revenue for the current quarter will be 157.75M. The company’s revenue for the corresponding quarters a year ago was 110.37M and 135.81M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.40%. The estimates for the next quarter sales put growth at 16.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.87%. The 2024 estimates are for Vital Farms Inc earnings to increase by 81.55%.
VITL Dividends
Vital Farms Inc is expected to release its next quarterly earnings report on 2024-Oct-31.
Vital Farms Inc (NASDAQ:VITL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.38% of Vital Farms Inc shares while 74.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 112.79%. There are 74.01% institutions holding the Vital Farms Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 8.9301% of the shares, roughly 3.73 million VITL shares worth $174.55 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.0336% or 2.1 million shares worth $98.39 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 903.35 shares estimated at $32.97 million under it, the former controlled 2.10% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.95% of the shares, roughly 841.85 shares worth around $30.72 million.
