Vital Farms, Inc. (NASDAQ:VITL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.60.

VITL has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, August 9th.

Vital Farms Stock Up 2.7 %

VITL stock opened at $34.33 on Tuesday. Vital Farms has a fifty-two week low of $10.41 and a fifty-two week high of $48.41. The company’s 50 day moving average price is $33.44 and its 200 day moving average price is $33.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 40.39 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $147.39 million during the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the transaction, the insider now directly owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Russell Diez-Canseco sold 44,381 shares of Vital Farms stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.51. Following the sale, the chief executive officer now owns 427,839 shares of the company’s stock, valued at $18,700,842.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the transaction, the insider now owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The disclosure for this sale can be found here. 30.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in Vital Farms by 8.6% during the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock worth $192,000 after purchasing an additional 323 shares in the last quarter. CWM LLC boosted its position in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after buying an additional 655 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after buying an additional 800 shares in the last quarter. Quarry LP grew its stake in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Vital Farms during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Company Profile

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.