Vital Farms, Inc. (NASDAQ:VITL) Receives $39.20 Consensus Price Target from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.20.

A number of equities analysts have commented on VITL shares. DA Davidson boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen reduced their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th.

Vital Farms Price Performance

Shares of VITL opened at $37.57 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of 33.54 and a beta of 0.93. The company has a 50 day moving average price of $34.74 and a 200-day moving average price of $36.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms has a fifty-two week low of $14.14 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts predict that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Monday, October 21st. The stock was 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 of the company’s stock, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Institutional investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. purchased a new stake in shares of Vital Farms in the 2nd quarter valued at $42,000. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the third quarter valued at $35,000. CWM LLC grew its position in Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares during the period. Quarry LP raised its stake in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after buying an additional 830 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares during the period. 98.59% of the stock is owned by hedge funds and other 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.