Vital Farms (NASDAQ:VITL) Price Target Lowered to $41.00 at TD Cowen

Vital Farms (NASDAQ:VITL) had its target price lowered by TD Cowen from $46.00 to $41.00 in a report issued on Friday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

VITL has been the topic of a number of other reports. Stifel Nicolaus cut their target price on 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 boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.20.

Vital Farms Trading Down 5.3 %

Shares of VITL stock opened at $29.28 on Friday. The stock has a 50-day simple moving average of $34.96 and a 200 day simple moving average of $36.74. The stock has a market capitalization of $1.26 billion, a P/E ratio of 26.14 and a beta of 0.97. Vital Farms has a fifty-two week low of $11.72 and a fifty-two week high of $48.41. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 23.29%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. On average, sell-side analysts expect that Vital Farms will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Vital Farms by 2,006.1% in the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock worth $3,454,000 after buying an additional 141,488 shares during the last quarter. Inspire Investing LLC bought a new stake in Vital Farms in the first quarter worth $1,003,000. Marshall Wace LLP increased its position in Vital Farms by 29.7% during the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares during the last quarter. SG Americas Securities LLC bought a new position in Vital Farms during the second quarter valued at about $2,300,000. Finally, Lord Abbett & CO. LLC lifted its position in shares of Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock worth $20,056,000 after buying an additional 463,471 shares during the last quarter. 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.