TD Cowen Maintains Vital Farms (VITL) Market Perform Recommendation

Fintel reports that on September 22, 2023, TD Cowen maintained coverage of Vital Farms (NASDAQ:VITL) with a Market Perform recommendation.

Analyst Price Forecast Suggests 64.04% Upside

As of August 31, 2023, the average one-year price target for Vital Farms is 19.18. The forecasts range from a low of 15.15 to a high of $23.10. The average price target represents an increase of 64.04% from its latest reported closing price of 11.69.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Vital Farms is 444MM, an increase of 3.91%. The projected annual non-GAAP EPS is 0.22.

What is the Fund Sentiment?

There are 328 funds or institutions reporting positions in Vital Farms. This is an increase of 11 owner(s) or 3.47% in the last quarter. Average portfolio weight of all funds dedicated to VITL is 0.05%, a decrease of 14.85%. Total shares owned by institutions increased in the last three months by 2.98% to 30,489K shares. VITL / Vital Farms Inc Put/Call Ratios The put/call ratio of VITL is 0.74, indicating a bullish outlook.

What are Other Shareholders Doing?

VITL / Vital Farms Inc Shares Held by Institutions

Alliancebernstein holds 2,569K shares representing 6.23% ownership of the company. In it's prior filing, the firm reported owning 2,480K shares, representing an increase of 3.49%. The firm decreased its portfolio allocation in VITL by 22.60% over the last quarter.

William Blair Investment Management holds 1,649K shares representing 4.00% ownership of the company. In it's prior filing, the firm reported owning 1,394K shares, representing an increase of 15.44%. The firm decreased its portfolio allocation in VITL by 14.71% over the last quarter.

Amazon Com holds 1,603K shares representing 3.89% ownership of the company. No change in the last quarter.

QUASX - AB Small Cap Growth Portfolio holds 1,457K shares representing 3.53% ownership of the company. In it's prior filing, the firm reported owning 1,342K shares, representing an increase of 7.92%. The firm decreased its portfolio allocation in VITL by 14.15% over the last quarter.

Bank Of America holds 1,139K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 1,262K shares, representing a decrease of 10.72%. The firm increased its portfolio allocation in VITL by 183.21% over the last quarter.

Vital Farms Background Information
(This description is provided by the company.)

Vital Farms, a Certified B Corporation, offers a range of ethically produced pasture-raised foods nationwide. Started on a single farm in Austin, Texas, in 2007, Vital Farms is now a national consumer brand that works with over 200 small family farms and is the leading U.S. brand of pasture-raised eggs and butter by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' pasture-raised products, including shell eggs, butter, hard-boiled eggs, ghee, egg bites and liquid whole eggs, are sold in over 16,000 stores nationwide.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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