Vital Farms’ (VITL) Outperform Rating Reiterated at Telsey Advisory Group

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 33.80% from the stock’s current price.

A number of other brokerages have also recently weighed in on VITL. Cowen restated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. BMO Capital Markets boosted their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. DA Davidson boosted their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Weiss Ratings upgraded shares of Vital Farms from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the company a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and an average target price of $49.80.

Vital Farms Stock Performance

VITL stock opened at $37.37 on Wednesday. The firm has a 50 day moving average of $43.09 and a two-hundred day moving average of $39.34. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. Vital Farms has a 12 month low of $27.91 and a 12 month high of $53.13. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 33.37 and a beta of 0.86.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $191.35 million. During the same period in the previous year, the company earned $0.16 earnings per share. Vital Farms’s revenue for the quarter was up 37.2% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the transaction, the senior vice president directly owned 45,779 shares of the company’s stock, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 145,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total transaction of $7,537,100.00. Following the sale, the insider owned 6,582,070 shares of the company’s stock, valued at $342,135,998.60. This trade represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 407,868 shares of company stock valued at $20,692,884 over the last quarter. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds have recently made changes to their positions in the company. Campbell Newman Asset Management Inc. increased its position in shares of Vital Farms by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 68,724 shares of the company’s stock worth $2,828,000 after purchasing an additional 291 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vital Farms by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after purchasing an additional 337 shares in the last quarter. Assetmark Inc. increased its position in shares of Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after purchasing an additional 501 shares in the last quarter. US Bancorp DE increased its position in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Vital Farms by 6.6% during the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock worth $257,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds 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.