Vital Farms, Inc. (NASDAQ:VITL – Get Rating) – Research analysts at Jefferies Financial Group decreased their Q3 2022 earnings per share (EPS) estimates for shares of Vital Farms in a note issued to investors on Thursday, September 15th. Jefferies Financial Group analyst R. Dickerson now anticipates that the company will post earnings of ($0.01) per share for the quarter, down from their prior 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 raised Vital Farms from an "equal weight" rating to an "overweight" rating and set a $12.00 price target on the stock in a research report on Wednesday, July 20th.

Vital Farms Price Performance

Hedge Funds Weigh In On Vital Farms

Large investors have recently modified their holdings of the business. Amalgamated Bank purchased a new stake in shares of Vital Farms during the first quarter worth about $50,000. Prospera Financial Services Inc bought a new stake in Vital Farms in the first quarter worth $65,000. Legal & General Group Plc raised its position in shares of Vital Farms by 22.3% during the second quarter. Legal & General Group Plc now owns 7,842 shares of the company's stock valued at $69,000 after buying an additional 1,432 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Vital Farms during the first quarter valued at approximately $137,000. Finally, GSA Capital Partners LLP acquired a new stake in Vital Farms in the first quarter worth $143,000. 63.49% of the stock is owned by hedge funds and other institutional investors.

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.

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