Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $41.00

Shares of Vital Farms, Inc. (NASDAQ:VITLGet Free Report) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $41.00.

A number of analysts recently weighed in on VITL shares. TD Cowen reduced their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. DA Davidson increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Craig Hallum initiated coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price target for the company.

Get Our Latest Stock Analysis on Vital Farms

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. The trade was a 7.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,381 shares of company stock worth $5,328,422. 27.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vital Farms

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the 3rd quarter valued at $35,000. Quarry LP raised its stake in shares of Vital Farms by 180.4% during 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. nVerses Capital LLC grew its position in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares during the last quarter. Quest Partners LLC acquired a new position in Vital Farms in the 2nd quarter valued at $97,000. Finally, Canada Pension Plan Investment Board purchased a new position in Vital Farms during the 2nd quarter worth $168,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Stock Performance

NASDAQ:VITL opened at $39.63 on Thursday. The stock has a 50-day simple moving average of $34.81 and a two-hundred day simple moving average of $36.06. Vital Farms has a 52-week low of $14.16 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The firm has a market capitalization of $1.74 billion, a PE ratio of 35.38 and a beta of 0.93.

Vital Farms (NASDAQ:VITLGet Free Report) last issued 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. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Analysts forecast that Vital Farms will post 1.11 EPS for the current year.

About Vital Farms

(Get Free Report

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.

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Analyst Recommendations for Vital Farms (NASDAQ:VITL)

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