Vital Farms’ (VITL) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research note published on Thursday,Benzinga reports. The brokerage currently has a $52.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. 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. Craig Hallum initiated coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and an average target price of $43.71.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $30.94 on Thursday. The stock has a fifty day simple moving average of $37.28 and a two-hundred day simple moving average of $35.67. Vital Farms has a 1-year low of $21.30 and a 1-year high of $48.41. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 27.63 and a beta of 0.95. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

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

Insider Transactions at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. The trade was a 0.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,474 shares of company stock valued at $6,171,500 in the last ninety days. 27.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its stake in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms during the 3rd quarter valued at $35,000. US Bancorp DE grew its position in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter valued at $59,000. Finally, Mendota Financial Group LLC bought a new stake in shares of Vital Farms during the 4th quarter valued at $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.