TD Cowen analyst Robert Moskow lowered the firm’s price target on Vital Farms (VITL) to $41 from $46. The firm said 3Q sales were in line with consensus, EBITDA beat, guidance increased. However, the gap between shipment growth of 31% and Nielsen retail tracking of 38% along with the acknowledgement of capacity constraints fed into the bear thesis.
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Read More on VITL:
- Vital Farms Faces New Challenges as It Transitions to Large Accelerated Filer Status
- Vital Farms Reports Strong Revenue Growth in Q3 2024
- Vital Farms now sees FY24 revenue of at least $600M, consensus $598.35M
- Vital Farms reports Q3 EPS 16c, consensus 12c
- Vital Farms price target raised to $48 from $44 at DA Davidson