Vital Farms, Inc. (NASDAQ:VITL) Receives $44.63 Consensus PT from Analysts

Vital Farms, Inc. (NASDAQ:VITL) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.63.

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. BMO Capital Markets upgraded Vital Farms to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, DA Davidson lowered their price target on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, March 14th.

Insider Buying and Selling

In related news, CFO Thilo Wrede sold 1,200 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $31.93, for a total value of $38,316.00. Following the transaction, the chief financial officer owned 57,117 shares in the company, valued at approximately $1,823,745.81. This represents a 2.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer directly owned 703,736 shares in the company, valued at approximately $23,708,865.84. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,324 shares of company stock valued at $3,294,614. Company insiders own 21.30% of the company’s stock.

Institutional Trading of Vital Farms

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock valued at $2,298,000 after buying an additional 337 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after acquiring an additional 380 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after acquiring an additional 475 shares in the last quarter. US Bancorp DE grew its stake in shares of Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock valued at $59,000 after acquiring an additional 513 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Vital Farms by 6.8% during the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock worth $306,000 after acquiring an additional 518 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Performance

VITL opened at $39.54 on Thursday. The business’s 50-day simple moving average is $34.29 and its 200 day simple moving average is $35.28. Vital Farms has a 52-week low of $27.91 and a 52-week high of $46.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. The firm has a market capitalization of $1.76 billion, a PE ratio of 35.30 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, sell-side analysts expect 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.