Vital Farms, Inc. (NASDAQ:VITL) Receives $39.20 Consensus PT from Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $39.20.

A number of equities research analysts have weighed in on VITL shares. DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen dropped their price target on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group reduced their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new stake in shares of Vital Farms during the 2nd quarter worth approximately $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms during the third quarter worth $35,000. CWM LLC boosted its stake in shares of 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 purchasing an additional 655 shares during the period. Quarry LP grew its holdings in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. Finally, nVerses Capital LLC increased its stake in 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 during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

Shares of VITL stock opened at $37.57 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $34.74 and a 200 day moving average of $36.47. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 33.54 and a beta of 0.93. Vital Farms has a 52 week low of $14.14 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $145.27 million. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. As a group, research analysts expect that Vital Farms will post 1.11 earnings per share 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.