Vital Farms, Inc. (NASDAQ:VITL) Receives $39.20 Average PT from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.20.

VITL has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. DA Davidson increased their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group lowered their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Stifel Nicolaus cut their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at $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 is available at this link. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in Vital Farms in the 3rd quarter valued at $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Vital Farms during the second quarter valued at about $42,000. CWM LLC lifted its position 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 purchasing an additional 655 shares in the last quarter. Quarry LP boosted its holdings in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. Finally, nVerses Capital LLC increased its stake in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

NASDAQ:VITL opened at $30.13 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. Vital Farms has a fifty-two week low of $12.38 and a fifty-two week high of $48.41. The company has a 50 day simple moving average of $34.77 and a two-hundred day simple moving average of $36.80. The company has a market capitalization of $1.32 billion, a PE ratio of 26.90 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Vital Farms’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts anticipate that Vital Farms will post 1.11 earnings per share for the current year.

About Vital Farms

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.