Vital Farms, Inc. (NASDAQ:VITL) Receives $39.20 Average Target Price from Analysts

Vital Farms, Inc. (NASDAQ:VITL) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $39.20.

A number of research firms have weighed in on VITL. Stifel Nicolaus decreased their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. DA Davidson boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, TD Cowen lowered their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 7.67 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

Institutional Trading of Vital Farms

Institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Vital Farms during the second quarter worth about $42,000. Brown Brothers Harriman & Co. bought a new position in Vital Farms in the 3rd quarter valued at $35,000. CWM LLC grew its position in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares during the period. Quarry LP boosted its stake in Vital Farms by 180.4% in the second 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, nVerses Capital LLC grew its position in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Down 1.3 %

Shares of VITL opened at $28.13 on Wednesday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.23 billion, a PE ratio of 25.12 and a beta of 0.97. The firm’s 50 day moving average is $34.82 and its 200-day moving average is $36.65. Vital Farms has a 12 month low of $12.23 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter last year, the business earned $0.10 earnings per share. Vital Farms’s revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that Vital Farms will post 1.11 EPS for the current year.

About Vital Farms

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.