Vital Farms (NASDAQ:VITL) Sees Strong Trading Volume – Time to Buy?

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) shares saw an uptick in trading volume on Monday . Approximately 321,242 shares changed hands during trading, a decline of 48% from the previous session’s volume of 615,006 shares.The stock last traded at $42.10 and had previously closed at $40.13.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VITL shares. DA Davidson upped their target price on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Jefferies Financial Group reduced their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.67.

Check Out Our Latest Stock Report on Vital Farms

Vital Farms Trading Up 1.1 %

The business has a 50 day simple moving average of $35.29 and a 200 day simple moving average of $35.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 37.57 and a beta of 0.88.

Vital Farms (NASDAQ:VITLGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Transactions at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the completion of the sale, the insider now owns 7,038,890 shares in the company, valued at $268,815,209.10. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,728 shares of company stock worth $3,539,176. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Vital Farms

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP boosted its position in shares of Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after purchasing an additional 214,839 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after buying an additional 331,000 shares during the period. Geode Capital Management LLC boosted its holdings in Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after buying an additional 31,187 shares during the last quarter. Emerald Advisers LLC boosted its holdings in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after buying an additional 172,249 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

(Get Free Report)

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.

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