Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) PT at $35.20

Vital Farms, Inc. (NASDAQ:VITL) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.20.

A number of analysts have weighed in on the company. DA Davidson boosted their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus reduced their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, August 9th.

Vital Farms Price Performance

Shares of VITL opened at $38.90 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50. The firm has a market cap of $1.64 billion, a PE ratio of 45.76 and a beta of 0.97. The firm’s 50 day moving average price is $33.81 and its 200 day moving average price is $35.65. Vital Farms has a twelve month low of $10.41 and a twelve month high of $48.41.

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

Insider Activity at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.20% of the stock is owned by corporate insiders.

Institutional Trading of Vital Farms

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. bought a new stake in shares of Vital Farms in the second quarter valued at about $42,000. CWM LLC grew its holdings in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP grew its holdings in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC increased its position in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Vital Farms in the second quarter valued at $97,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.