Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $43.71

Vital Farms, Inc. (NASDAQ:VITL) has earned an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $43.71.

A number of analysts recently weighed in on VITL shares. 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 reissued an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. DA Davidson lowered their price target on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a report on Friday, March 14th. Stifel Nicolaus raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th.

Vital Farms Stock Performance

NASDAQ VITL opened at $29.52 on Tuesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 26.36 and a beta of 0.95. The company has a 50 day moving average of $36.58 and a 200-day moving average of $35.61. 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 has a 1-year low of $22.62 and a 1-year high of $48.41.

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

Insider Buying and Selling at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,628 shares of the business’s 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. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,474 shares of company stock valued at $5,254,940. 27.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VITL. CIBC Private Wealth Group LLC boosted its holdings in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Vital Farms in the third quarter valued at approximately $35,000. US Bancorp DE boosted its position in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Vital Farms in the fourth quarter valued at approximately $59,000. Finally, Mendota Financial Group LLC bought a new position in shares of Vital Farms during the fourth quarter valued at $62,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.