Vital Farms, Inc. (NASDAQ:VITL) Receives $43.71 Average Price Target from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Vital Farms in a report on Monday. They issued an “overweight” rating and a $30.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. William Blair reissued an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Craig Hallum started coverage on 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, Stifel Nicolaus raised Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, February 28th.

Insiders Place Their Bets

In other news, CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.08, for a total value of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares of the company’s stock, valued at approximately $1,944,222.24. This represents a 21.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 44,628 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 668,202 shares in the company, valued at $28,224,852.48. This represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,474 shares of company stock valued at $5,844,140 over the last three months. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after buying an additional 1,961,550 shares in the last quarter. Cim LLC raised its stake in shares of Vital Farms by 80.7% in the 4th quarter. Cim LLC now owns 12,433 shares of the company’s stock valued at $469,000 after acquiring an additional 5,554 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vital Farms by 19.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,695 shares of the company’s stock worth $3,343,000 after purchasing an additional 14,432 shares during the last quarter. Sapience Investments LLC boosted its position in Vital Farms by 15.2% during the fourth quarter. Sapience Investments LLC now owns 77,698 shares of the company’s stock worth $2,928,000 after purchasing an additional 10,235 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in Vital Farms during the fourth quarter worth approximately $892,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Up 5.3 %

Shares of Vital Farms stock opened at $31.36 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $36.17 and a 200-day simple moving average of $35.68. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 28.00 and a beta of 0.95. Vital Farms has a 12-month low of $22.82 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. On average, equities analysts forecast that Vital Farms will post 1.11 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.