Vital Farms, Inc. (NASDAQ:VITL) Receives $24.08 Consensus Target Price from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.0833.

VITL has been the topic of a number of recent analyst reports. Needham & Company LLC cut their target price on Vital Farms from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Mizuho set a $20.00 price target on Vital Farms in a research report on Monday, May 4th. Jefferies Financial Group set a $13.00 price target on Vital Farms in a research note on Tuesday, June 30th. Telsey Advisory Group downgraded Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Friday, May 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price objective (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th.

Insider Activity at Vital Farms

In other news, insider Stephanie Coon acquired 5,895 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $8.42 per share, for a total transaction of $49,635.90. Following the completion of the acquisition, the insider owned 62,314 shares of the company’s stock, valued at approximately $524,683.88. This represents a 10.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Nicholas Pappas acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $8.51 per share, for a total transaction of $29,785.00. Following the transaction, the insider owned 85,169 shares of the company’s stock, valued at approximately $724,788.19. This represents a 4.29% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 38,700 shares of company stock valued at $320,864. 3.90% of the stock is owned by company insiders.

Institutional Trading of Vital Farms

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in shares of Vital Farms by 1.4% during the fourth quarter. Advisors Asset Management Inc. now owns 34,072 shares of the company’s stock worth $1,088,000 after acquiring an additional 479 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Vital Farms by 7.7% in the fourth quarter. Van ECK Associates Corp now owns 6,912 shares of the company’s stock worth $221,000 after acquiring an additional 495 shares during the period. Clean Yield Group boosted its holdings in Vital Farms by 0.9% in the fourth quarter. Clean Yield Group now owns 65,406 shares of the company’s stock valued at $2,089,000 after acquiring an additional 596 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Vital Farms by 47.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,957 shares of the company’s stock valued at $63,000 after acquiring an additional 629 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Vital Farms by 2.2% during the 4th quarter. HighTower Advisors LLC now owns 35,631 shares of the company’s stock valued at $1,138,000 after purchasing an additional 754 shares during the period. 98.59% of the stock is owned by institutional investors.

Vital Farms Price Performance

Shares of NASDAQ VITL opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.00. Vital Farms has a 1-year low of $7.95 and a 1-year high of $53.13. The company has a market capitalization of $520.63 million, a price-to-earnings ratio of 11.68 and a beta of 1.07. The business has a 50-day moving average of $11.75 and a 200-day moving average of $15.84.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The company had revenue of $187.16 million for the quarter, compared to analysts’ expectations of $182.40 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Vital Farms will post -0.46 EPS for the current fiscal year.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.