Vital Farms, Inc. (NASDAQ:VITL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $39.20.

VITL has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus lowered their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. TD Cowen decreased their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, DA Davidson increased their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th.

Vital Farms Stock Performance

NASDAQ VITL opened at $28.43 on Wednesday. Vital Farms has a 52-week low of $11.72 and a 52-week high of $48.41. The company has a fifty day moving average of $34.93 and a 200-day moving average of $36.75. The company has a market capitalization of $1.23 billion, a P/E ratio of 25.38 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 (NASDAQ:VITL) last issued 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. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 23.29% and a net margin of 8.68%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that Vital Farms will post 1.1 EPS for the current fiscal year.

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 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 completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s 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 transaction, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction on 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 sale, 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 0.00 % decrease in their position. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after purchasing an additional 14,426 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Vital Farms during the third quarter worth $301,000. Advisors Asset Management Inc. lifted its stake in Vital Farms by 25.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,793 shares of the company’s stock worth $589,000 after purchasing an additional 3,429 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Vital Farms by 16.4% during the third quarter. Global Alpha Capital Management Ltd. now owns 58,193 shares of the company’s stock valued at $2,041,000 after purchasing an additional 8,214 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Vital Farms by 882.6% in the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock worth $713,000 after purchasing an additional 18,252 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.