Vital Farms, Inc. (NASDAQ:VITL) Receives $27.33 Average Price Target from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $27.3333.

A number of research firms recently commented on VITL. Zacks Research lowered Vital Farms from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Weiss Ratings lowered Vital Farms from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. DA Davidson restated a “neutral” rating and set a $16.00 price target (down from $47.00) on shares of Vital Farms in a research report on Monday, May 4th. William Blair restated a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Vital Farms from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th.

Insider Transactions at Vital Farms

In other news, Director Glenda J. Flanagan acquired 6,100 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $8.33 per share, for a total transaction of $50,813.00. Following the transaction, the director owned 37,498 shares of the company’s stock, valued at approximately $312,358.34. This represents a 19.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie Coon acquired 5,895 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $8.42 per share, for a total transaction of $49,635.90. Following the completion of the transaction, the insider directly owned 62,314 shares in the company, valued at approximately $524,683.88. The trade was a 10.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 38,700 shares of company stock valued at $320,864 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VITL. Triumph Capital Management bought a new position in Vital Farms in the 4th quarter valued at $25,000. Quarry LP bought a new position in Vital Farms in the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its position in Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after buying an additional 1,008 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vital Farms by 225.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Vital Farms in the 3rd quarter worth $55,000. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Up 0.1%

NASDAQ VITL opened at $10.61 on Thursday. The firm has a market cap of $454.64 million, a PE ratio of 10.20 and a beta of 1.10. Vital Farms has a one year low of $7.95 and a one year high of $53.13. The stock’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $20.82. 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 (NASDAQ:VITL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The business had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. As a group, sell-side analysts forecast that Vital Farms will post -0.45 earnings per share 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.