Analysts Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $35.20

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $35.20.

A number of research firms have weighed in on VITL. DA Davidson upped their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, August 9th. Finally, Stifel Nicolaus lowered their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 30.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the 2nd quarter worth about $42,000. CWM LLC boosted its stake in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares during the period. Quarry LP grew its holdings in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Vital Farms in the second quarter worth $97,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Trading Down 3.6 %

NASDAQ:VITL opened at $38.90 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 45.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. Vital Farms has a 1 year low of $10.41 and a 1 year high of $48.41. The business has a fifty day moving average of $33.81 and a 200-day moving average of $35.65.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. The firm had revenue of $147.39 million for the quarter, compared to analysts’ expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. Vital Farms’s quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Equities analysts predict that Vital Farms will post 1.11 earnings per share 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.