Telsey Advisory Group Reaffirms “Outperform” Rating for Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $52.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 68.07% from the company’s current price.

A number of other brokerages also recently issued reports on VITL. Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They set a “buy” rating and a $50.00 price target on the stock. Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, February 28th. TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, William Blair reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $43.71.

Vital Farms Price Performance

Vital Farms stock opened at $30.94 on Thursday. Vital Farms has a 12 month low of $21.30 and a 12 month high of $48.41. The stock’s 50 day moving average is $37.28 and its 200-day moving average is $35.64. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.63 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Equities research analysts expect that Vital Farms will post 1.11 EPS for the current year.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total value of $916,560.00. Following the completion of the transaction, the insider now directly owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,474 shares of company stock worth $6,171,500. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms in the 3rd quarter worth about $35,000. CIBC Private Wealth Group LLC raised its position in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE grew its stake in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Vital Farms in the 4th quarter valued at about $59,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Vital Farms in the 4th quarter valued at about $62,000. 98.59% of the stock is owned by institutional investors.

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.