Vital Farms, Inc. (NASDAQ:VITL) Receives $44.57 Consensus Price Target from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.57.

A number of brokerages have recently weighed in on VITL. Jefferies Financial Group dropped their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. TD Cowen upped their price objective 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. Craig Hallum started coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a report on Tuesday, February 18th.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction 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 sale, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Several hedge funds and other institutional investors have recently modified their holdings of VITL. Wellington Management Group LLP raised its stake in Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after buying an additional 1,961,550 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Vital Farms by 78.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after purchasing an additional 516,139 shares during the period. Lord Abbett & CO. LLC increased its stake in Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock valued at $39,904,000 after purchasing an additional 415,614 shares during the last quarter. Emerald Advisers LLC boosted its position in Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its stake in Vital Farms by 96.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock valued at $23,696,000 after purchasing an additional 308,425 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $34.90 on Friday. Vital Farms has a one year low of $16.18 and a one year 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 $1.53 billion, a P/E ratio of 31.16 and a beta of 0.90. The company’s fifty day moving average is $39.31 and its two-hundred day moving average is $35.67.

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.