Analysts Set Vital Farms, Inc. (NASDAQ:VITL) Price Target at $39.20

Vital Farms, Inc. (NASDAQ:VITL) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.20.

Several research firms have recently weighed in on VITL. DA Davidson upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group cut their price target 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. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen decreased their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $28.13 on Wednesday. The company has a 50-day moving average price of $34.82 and a two-hundred day moving average price of $36.65. Vital Farms has a twelve month low of $12.23 and a twelve month 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 firm has a market capitalization of $1.23 billion, a PE ratio of 25.12 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Equities analysts forecast that Vital Farms will post 1.11 EPS for the current year.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Vital Farms

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Vital Farms by 9.3% during the first quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock worth $41,895,000 after acquiring an additional 152,743 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Vital Farms by 116.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock worth $20,056,000 after purchasing an additional 463,471 shares in the last quarter. Renaissance Technologies LLC increased its stake in Vital Farms by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after purchasing an additional 331,000 shares in the last quarter. Finally, Emerald Advisers LLC raised its holdings in Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

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.