Telsey Advisory Group Reiterates Outperform Rating for Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $52.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 62.81% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. William Blair reiterated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Finally, Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $44.57.

Vital Farms Stock Up 1.1 %

Shares of NASDAQ:VITL opened at $31.94 on Thursday. Vital Farms has a 1 year low of $20.86 and a 1 year high of $48.41. The company has a market capitalization of $1.41 billion, a PE ratio of 28.52 and a beta of 0.95. The business has a fifty day moving average price of $37.64 and a two-hundred day moving average price of $35.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

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

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the transaction, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,628 shares of Vital Farms stock in a transaction on Monday, January 13th. The shares were sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now directly owns 668,202 shares of the company’s stock, valued at approximately $28,224,852.48. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,474 shares of company stock valued at $6,171,500 in the last three months. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in Vital Farms in the 3rd quarter worth approximately $35,000. CIBC Private Wealth Group LLC boosted its position in 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 purchasing an additional 540 shares in the last quarter. US Bancorp DE lifted 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 purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms in the 4th quarter valued at about $59,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Vital Farms in the fourth quarter valued at approximately $62,000. 98.59% of the stock is currently 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.