Jefferies Financial Group Has Lowered Expectations for Vital Farms (NASDAQ:VITL) Stock Price

Vital Farms (NASDAQ:VITL) had its target price decreased by research analysts at Jefferies Financial Group from $45.00 to $41.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 44.21% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. TD Cowen lowered their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. DA Davidson raised their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Vital Farms Trading Down 2.9 %

Shares of Vital Farms stock opened at $28.43 on Monday. The stock has a market cap of $1.23 billion, a P/E ratio of 25.38 and a beta of 0.97. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. Vital Farms has a 12-month low of $11.72 and a 12-month high of $48.41. The business’s 50 day moving average is $34.93 and its 200-day moving average is $36.75.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities research analysts predict that Vital Farms will post 1.1 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Vital Farms

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