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

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $44.57.

Several brokerages have commented on VITL. Jefferies Financial Group decreased their price objective 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. TD Cowen lifted their price objective 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. Craig Hallum initiated coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Tuesday, February 18th.

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the completion of the sale, the chief executive officer now owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the sale, the insider now directly owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,202 shares of company stock valued at $7,855,957. 27.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in Vital Farms during the 3rd quarter worth $35,000. CIBC Private Wealth Group LLC boosted 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 worth $35,000 after purchasing an additional 540 shares during the last quarter. US Bancorp DE boosted its stake in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Vital Farms during the 4th quarter worth $59,000. Finally, Mendota Financial Group LLC acquired a new stake in Vital Farms during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Down 9.1 %

VITL stock opened at $30.79 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms has a 52 week low of $17.40 and a 52 week high of $48.41. The firm has a 50 day moving average of $38.82 and a 200 day moving average of $35.64. The stock has a market capitalization of $1.35 billion, a PE ratio of 27.49 and a beta of 0.90.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 EPS 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 during the quarter, compared to analysts’ expectations of $160.32 million. Sell-side analysts forecast that Vital Farms will post 1.11 earnings per share for the current 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.