Vital Farms, Inc. (NASDAQ:VITL) Given Consensus Rating of “Buy” by Analysts

Vital Farms, Inc. (NASDAQ:VITL) has been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $43.71.

A number of research analysts recently weighed in on VITL shares. DA Davidson dropped their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, March 14th. TD Cowen upped their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th.

Vital Farms Trading Up 0.9 %

Shares of VITL stock opened at $29.79 on Tuesday. The business’s fifty day moving average price is $36.38 and its 200 day moving average price is $35.63. Vital Farms has a 1-year low of $22.82 and a 1-year high of $48.41. The firm has a market capitalization of $1.32 billion, a PE ratio of 26.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. As a group, sell-side analysts forecast that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Joanne Bal sold 28,246 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the transaction, the insider now directly owns 59,371 shares in the company, valued at approximately $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,628 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the transaction, the chief executive officer now owns 668,202 shares in the company, valued at $28,224,852.48. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,474 shares of company stock worth $5,844,140. 27.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of Vital Farms in the 3rd quarter worth about $35,000. CIBC Private Wealth Group LLC raised its holdings in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares during the period. US Bancorp DE raised its holdings in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Vital Farms during the 4th quarter valued at about $59,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Vital Farms during the 4th quarter valued at about $62,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.