Vital Farms (NASDAQ:VITL) Now Covered by Telsey Advisory Group

Analysts at Telsey Advisory Group started coverage on shares of Vital Farms (NASDAQ:VITLGet Free Report) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $52.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 21.30% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus raised their price target on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, January 24th. DA Davidson lifted 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. TD Cowen increased their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vital Farms currently has an average rating of “Moderate Buy” and an average target price of $44.57.

Check Out Our Latest Research Report on VITL

Vital Farms Stock Performance

Shares of VITL opened at $42.87 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 38.28 and a beta of 0.88. The company’s fifty day moving average is $38.15 and its 200-day moving average is $35.71. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms has a 12 month low of $14.37 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITLGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities analysts expect that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the completion of the transaction, the chief executive officer now owns 613,797 shares in the company, valued at approximately $23,115,595.02. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Kathryn Mckeon sold 12,300 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $42.08, for a total value of $517,584.00. Following the sale, the chief marketing officer now owns 46,203 shares in the company, valued at approximately $1,944,222.24. This trade represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,202 shares of company stock worth $7,855,957. Corporate insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new stake in shares of Vital Farms in the fourth quarter valued at approximately $2,765,000. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Farms by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock valued at $8,888,000 after buying an additional 14,426 shares during the period. JPMorgan Chase & Co. raised its position in shares of Vital Farms by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after acquiring an additional 74,593 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Vital Farms by 10.2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock valued at $13,066,000 after acquiring an additional 34,412 shares during the period. Finally, Quest Partners LLC boosted its holdings in Vital Farms by 882.6% in the third quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock valued at $713,000 after acquiring an additional 18,252 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

About Vital Farms

(Get Free Report)

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.

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Analyst Recommendations for Vital Farms (NASDAQ:VITL)

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