Vital Farms (NASDAQ:VITL) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $52.00 target price on the stock.

Several other brokerages also recently weighed in on VITL. Jefferies Financial Group reduced their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. TD Cowen increased their target price on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.57.

Vital Farms Stock Performance

VITL opened at $34.31 on Tuesday. Vital Farms has a fifty-two week low of $15.44 and a fifty-two 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 company has a fifty day moving average of $39.48 and a 200 day moving average of $35.66. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.63 and a beta of 0.90.

Insider Transactions at Vital Farms

In related news, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the sale, the chief marketing officer now owns 46,203 shares of the company’s stock, valued at approximately $1,944,222.24. This trade represents a 21.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the completion of the sale, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock valued at $7,855,957 in the last 90 days. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new stake in Vital Farms in the 4th quarter valued at $2,765,000. JPMorgan Chase & Co. grew its stake in Vital Farms by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after acquiring an additional 74,593 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after acquiring an additional 14,426 shares during the period. Franklin Resources Inc. boosted its stake in Vital Farms by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after purchasing an additional 34,412 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Vital Farms by 882.6% during the 3rd quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after purchasing an additional 18,252 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.