Vital Farms, Inc. (NASDAQ:VITL) Receives $43.33 Consensus Target Price from Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.57.

VITL has been the subject of a number of research reports. TD Cowen boosted their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. DA Davidson upped their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Telsey Advisory Group began coverage on Vital Farms in a research note on Monday. They issued an “outperform” rating and a $52.00 price objective for the company. 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. Finally, Stifel Nicolaus upped their price objective on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, January 24th.

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 dated Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the completion of the transaction, the insider now owns 7,038,890 shares of the company’s stock, valued at $268,815,209.10. This represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,202 shares of company stock valued at $7,855,957 in the last 90 days. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VITL. Canada Pension Plan Investment Board bought a new position in shares of Vital Farms in the 2nd quarter valued at about $168,000. Sei Investments Co. lifted its holdings in shares of Vital Farms by 242.4% in the 2nd quarter. Sei Investments Co. now owns 88,037 shares of the company’s stock valued at $4,117,000 after acquiring an additional 62,325 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Vital Farms by 230.8% in the 2nd quarter. Squarepoint Ops LLC now owns 230,940 shares of the company’s stock valued at $10,801,000 after acquiring an additional 161,131 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Vital Farms by 317.9% in the 2nd quarter. AQR Capital Management LLC now owns 74,161 shares of the company’s stock valued at $3,469,000 after acquiring an additional 56,414 shares during the last quarter. Finally, Millennium Management LLC raised its position in Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock worth $23,112,000 after purchasing an additional 428,382 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Shares of VITL opened at $44.04 on Monday. The firm has a market cap of $1.93 billion, a PE ratio of 39.32 and a beta of 0.88. 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 firm has a fifty day simple moving average of $38.43 and a two-hundred day simple moving average of $35.77. Vital Farms has a 1-year low of $14.37 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. On average, equities analysts anticipate that Vital Farms will post 1.11 EPS for the current year.

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.