Vital Farms (NASDAQ:VITL) Shares Gap Down – Here’s What Happened

Vital Farms, Inc. (NASDAQ:VITL) shares gapped down before the market opened on Monday . The stock had previously closed at $34.90, but opened at $33.74. Vital Farms shares last traded at $32.99, with a volume of 284,416 shares changing hands.

Wall Street Analyst Weigh In

VITL has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, January 24th. TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price 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. Craig Hallum began coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.57.

Vital Farms Price Performance

The company has a 50-day moving average of $39.05 and a 200 day moving average of $35.68. 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 stock has a market capitalization of $1.48 billion, a PE ratio of 30.25 and a beta of 0.90.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the transaction, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.08, for a total transaction of $517,584.00. Following the sale, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $1,944,222.24. The trade was a 21.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,202 shares of company stock valued at $7,855,957. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new position in Vital Farms during the 3rd quarter worth $35,000. CIBC Private Wealth Group LLC grew its position in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Vital Farms in the fourth quarter valued at approximately $59,000. Finally, Mendota Financial Group LLC acquired a new position in Vital Farms during the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

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.