Vital Farms, Inc. (NASDAQ:VITL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $35.20.

Several brokerages have recently weighed in on VITL. Stifel Nicolaus decreased their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. DA Davidson lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, August 9th.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale boosted its holdings in Vital Farms by 27.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company’s stock worth $291,000 after acquiring an additional 1,763 shares during the period. CWC Advisors LLC. acquired a new position in shares of Vital Farms during the third quarter worth $240,000. Dakota Wealth Management purchased a new position in shares of Vital Farms in the third quarter valued at $200,000. Foresight Group Ltd Liability Partnership boosted its stake in shares of Vital Farms by 60.0% in the third quarter. Foresight Group Ltd Liability Partnership now owns 15,665 shares of the company’s stock valued at $549,000 after purchasing an additional 5,875 shares during the period. Finally, Ellsworth Advisors LLC acquired a new stake in Vital Farms during the 3rd quarter valued at $635,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Trading Up 1.7 %

Shares of VITL stock opened at $35.37 on Friday. Vital Farms has a twelve month low of $10.65 and a twelve month high of $48.41. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $34.38 and its two-hundred day moving average is $35.91. The company has a market capitalization of $1.49 billion, a P/E ratio of 41.61 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The business had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same period in the prior year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 38.5% on a year-over-year basis. Equities analysts forecast that Vital Farms will post 1.11 EPS for the current 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.