Vital Farms (NASDAQ:VITL) Stock Price Up 4.1% After Analyst Upgrade

Vital Farms, Inc. (NASDAQ:VITL) shares traded up 4.1% during mid-day trading on Wednesday after TD Cowen raised their price target on the stock from $41.00 to $45.00. TD Cowen currently has a buy rating on the stock. Vital Farms traded as high as $39.35 and last traded at $39.13. 283,617 shares traded hands during trading, a decline of 50% from the average session volume of 567,909 shares. The stock had previously closed at $37.60.

A number of other brokerages also recently commented on VITL. DA Davidson upped their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group decreased their target price 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Insider Activity at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s 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 sale, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,381 shares of company stock valued at $5,328,422 over the last ninety days. 27.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Several institutional investors and hedge funds have recently bought and sold shares of VITL. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms in the 3rd quarter worth $35,000. Quarry LP grew its stake in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after acquiring an additional 830 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Vital Farms during the second quarter valued at about $97,000. Canada Pension Plan Investment Board purchased a new position in shares of Vital Farms in the 2nd quarter valued at approximately $168,000. Finally, nVerses Capital LLC raised its position in shares of Vital Farms by 130.0% in the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after purchasing an additional 2,600 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Stock Up 4.7 %

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 market capitalization of $1.72 billion, a price-to-earnings ratio of 35.16 and a beta of 0.88. The business’s 50 day moving average is $34.94 and its 200 day moving average is $35.98.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 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 22.29%. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. Sell-side analysts anticipate that Vital Farms, Inc. 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.