Vital Farms (NASDAQ:VITL) Stock Price Expected to Rise, TD Cowen Analyst Says

Vital Farms (NASDAQ:VITL) had its price target lifted by equities research analysts at TD Cowen from $41.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 14.27% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, DA Davidson upped their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Vital Farms Stock Performance

Shares of VITL stock opened at $39.38 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The firm has a market cap of $1.72 billion, a P/E ratio of 35.16 and a beta of 0.88. The firm’s 50 day moving average price is $35.04 and its 200-day moving average price is $36.01. Vital Farms has a one year low of $14.16 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, equities research analysts predict that Vital Farms will post 1.11 EPS for the current year.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares in the company, valued at $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,381 shares of company stock valued at $5,328,422. 27.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new stake in shares of Vital Farms in the 4th quarter valued at about $2,765,000. JPMorgan Chase & Co. lifted its stake in Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after buying an additional 74,593 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vital Farms by 35.6% in the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after acquiring an additional 172,249 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Vital Farms by 10.2% in 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, Geode Capital Management LLC grew its position in shares of Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after acquiring an additional 31,187 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.