Vital Farms (NASDAQ:VITL) Stock Price Expected to Rise, TD Cowen Analyst Says

Vital Farms (NASDAQ:VITL) had its target price lifted by equities research analysts at TD Cowen from $41.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 14.27% from the company’s current price.

Several other brokerages also recently weighed in on VITL. DA Davidson boosted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group dropped their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Vital Farms Stock Up 4.7 %

Shares of Vital Farms stock opened at $39.38 on Wednesday. Vital Farms has a 1 year low of $14.16 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 35.16 and a beta of 0.88. The firm’s 50-day moving average is $35.04 and its two-hundred day moving average is $36.01.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 return on equity of 22.29% and a net margin of 8.68%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. As a group, research analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.66, for a total value of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the completion of the transaction, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,381 shares of company stock valued at $5,328,422 in the last three months. 27.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors have recently added to or reduced their stakes in VITL. Robeco Institutional Asset Management B.V. boosted its holdings in Vital Farms by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock valued at $276,000 after purchasing an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in shares of Vital Farms by 6.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock valued at $345,000 after buying an additional 598 shares during the period. Quarry LP lifted its holdings 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. Brown Brothers Harriman & Co. purchased a new position in Vital Farms in the third quarter worth approximately $35,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Vital Farms by 27.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company’s stock worth $291,000 after acquiring an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors 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.