Vital Farms Inc [VITL] stock prices are up 4.78% to $25.42 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The VITL shares have gain 9.33% over the last week, with a monthly amount glided 33.79%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, Vital Farms’ Quality Assurance Manager Robert Clark Recognized by the Safe Quality Food Institute for Excellence in Food Safety Leadership. In a post published today on Yahoo Finance, Vital Farms’ (Nasdaq: VITL) quality assurance manager Robert Clark has received the 2024 Excellence in SQF Practitioner Leadership Award from the Safe Quality Food Institute (SQFI), a global program that “works with and on behalf of the entire industry to advance a safer, healthier, and more efficient consumer food supply.” This prestigious award recognizes a single leader for their role promoting food safety and inspiring the next generation of food safety leaders.
From an analyst’s perspective:
Vital Farms Inc [NASDAQ: VITL] stock has seen the most recent analyst activity on December 08, 2023, when DA Davidson initiated its Buy rating and assigned the stock a price target of $21. Previously, TD Cowen started tracking the stock with Market Perform rating on September 13, 2023, and set its price target to $13. Needham started tracking the stock assigning a Hold rating. Lake Street initiated its recommendation with a Buy and recommended $22 as its price target on March 24, 2023. UBS started tracking with a Buy rating for this stock on September 30, 2022, and assigned it a price target of $16. In a note dated July 20, 2022, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $12.
The stock price of Vital Farms Inc [VITL] has been fluctuating between $10.00 and $24.31 over the past year. Currently, Wall Street analysts expect the stock to reach $23.4 within the next 12 months. Vital Farms Inc [NASDAQ: VITL] shares were valued at $25.42 at the most recent close of the market. An investor can expect a potential drop of -7.95% based on the average VITL price forecast.
Analyzing the VITL fundamentals
The Vital Farms Inc [NASDAQ:VITL] reported sales of 471.86M for trailing twelve months, representing a surge of 23.37%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.56 points at the first support level, and at 23.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.92, and for the 2nd resistance point, it is at 26.42.
Vital Farms Inc [VITL] reported earnings per share of $0.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0.08 and a surprise factor of 88.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.1 per share as compared to estimates of $0.05 per share, a difference of $0.05 representing a surprise of 100.00%.
Ratios To Look Out For
It’s worth pointing out that Vital Farms Inc [NASDAQ:VITL]’s Current Ratio is 3.00. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 5.50 and price to earnings (TTM) ratio is 43.06.
Transactions by insiders
Recent insider trading involved OHAYER MATTHEW, EXECUTIVE CHAIRMAN, that happened on Mar 19 ’24 when 16000.0 shares were sold. EXECUTIVE CHAIRMAN, OHAYER MATTHEW completed a deal on Mar 15 ’24 to sell 100000.0 shares. Meanwhile, Director Post Denny Marie sold 6000.0 shares on Mar 15 ’24.
