Analysts Set Vital Farms, Inc. (NASDAQ:VITL) Price Target at $51.70

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $51.20.

VITL has been the topic of several research reports. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 price target on shares of Vital Farms in a research report on Wednesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Cowen restated a “buy” rating on shares of Vital Farms in a report on Thursday, September 18th. Zacks Research downgraded shares of Vital Farms from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, BMO Capital Markets boosted their price objective on Vital Farms from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd.

Insider Activity at Vital Farms

In related news, CEO Russell Diez-Canseco sold 16,700 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00. Following the sale, the chief executive officer owned 685,776 shares in the company, valued at approximately $32,450,920.32. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 145,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total value of $7,537,100.00. Following the completion of the sale, the insider owned 6,582,070 shares of the company’s stock, valued at approximately $342,135,998.60. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 301,367 shares of company stock worth $14,839,362. Corporate insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its position in Vital Farms by 17.8% in the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock valued at $87,262,000 after acquiring an additional 432,848 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Vital Farms by 13.9% during the third quarter. Wasatch Advisors LP now owns 2,362,521 shares of the company’s stock valued at $97,218,000 after purchasing an additional 287,718 shares during the period. Vanguard Group Inc. grew its holdings in shares of Vital Farms by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,315,706 shares of the company’s stock worth $95,291,000 after purchasing an additional 39,361 shares during the last quarter. American Century Companies Inc. increased its stake in Vital Farms by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 1,687,869 shares of the company’s stock worth $65,017,000 after buying an additional 444,402 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Vital Farms by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,377,681 shares of the company’s stock worth $56,692,000 after buying an additional 258,092 shares during the period. 98.59% of the stock is owned by institutional investors.

Vital Farms Trading Up 2.5%

Shares of VITL stock opened at $32.12 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.33 and a beta of 0.86. Vital Farms has a 12-month low of $28.87 and a 12-month high of $53.13. The stock’s 50-day moving average price is $37.50 and its 200-day moving average price is $39.07.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $191.35 million. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts predict that Vital Farms will post 1.11 EPS for the current fiscal year.

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.