Vital Farms, Inc. (NASDAQ:VITL) Receives $44.57 Consensus Price Target from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $44.57.

Several brokerages have recently weighed in on VITL. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Tuesday, February 18th. TD Cowen increased 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. Stifel Nicolaus increased their target price on shares of Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Craig Hallum initiated 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 on the stock. Finally, Jefferies Financial Group reduced their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $44.05, for a total transaction of $541,815.00. Following the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,202 shares of company stock valued at $7,855,957. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VITL. Dakota Wealth Management purchased a new position in Vital Farms during the 3rd quarter valued at about $200,000. CWC Advisors LLC. bought a new stake in shares of Vital Farms in the 3rd quarter valued at about $240,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Vital Farms by 27.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company’s stock valued at $291,000 after buying an additional 1,763 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Vital Farms by 93.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock valued at $18,646,000 after buying an additional 257,492 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Vital Farms in the 3rd quarter valued at about $1,798,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

VITL stock opened at $30.79 on Friday. Vital Farms has a 52 week low of $17.40 and a 52 week high of $48.41. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $38.82 and a two-hundred day simple moving average of $35.64. The firm has a market capitalization of $1.35 billion, a P/E ratio of 27.49 and a beta of 0.90.

Vital Farms (NASDAQ:VITL) last announced its 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 business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Analysts anticipate that Vital Farms will post 1.11 earnings per share for the current fiscal year.

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.