Vital Farms, Inc. (NASDAQ:VITL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.60.

Several research firms recently weighed in on VITL. Stifel Nicolaus cut their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Friday. TD Cowen raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday. DA Davidson lifted their price objective on Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Lake Street Capital raised their target price on Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th.

Insider Buying and Selling at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the transaction, the insider now owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the sale, the insider now owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 44,381 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the sale, the chief executive officer now directly owns 427,839 shares in the company, valued at approximately $18,700,842.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,550 shares of company stock worth $7,118,840. Insiders own 30.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Vital Farms in the second quarter worth $42,000. CWM LLC raised its stake in shares of Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. nVerses Capital LLC raised its stake 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 acquiring an additional 800 shares during the last quarter. Quest Partners LLC bought a new position in Vital Farms in the second quarter worth about $97,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Vital Farms during the fourth quarter valued at approximately $127,000. Institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Down 3.3 %

Shares of NASDAQ:VITL opened at $30.47 on Monday. The company has a market capitalization of $1.29 billion, a P/E ratio of 35.85 and a beta of 0.98. Vital Farms has a 1 year low of $10.30 and a 1 year high of $48.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The business’s 50 day simple moving average is $40.98 and its 200 day simple moving average is $30.32.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. The firm had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, research analysts anticipate that Vital Farms will post 0.98 EPS for the current fiscal year.

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.