Vital Farms, Inc. (NASDAQ:VITL) Receives $35.20 Average PT from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.20.

A number of equities research analysts recently commented on VITL shares. Stifel Nicolaus lowered their price objective 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. DA Davidson raised their price target 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. Finally, TD Cowen raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research note on Friday, August 9th.

Insider Buying and Selling

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction that occurred on 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 directly owns 537,349 shares of the company's stock, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.20% of the company's stock.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently modified their holdings of the stock. 1620 Investment Advisors Inc. purchased a new position in Vital Farms in the second quarter valued at approximately $42,000. CWM LLC raised its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company's stock valued at $49,000 after buying an additional 655 shares during the period. Quarry LP raised its holdings in Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after buying an additional 830 shares during the period. nVerses Capital LLC raised its holdings in Vital Farms by 66.7% in the second 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 period. Finally, Quest Partners LLC purchased a new position in Vital Farms in the second quarter valued at approximately $97,000. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Price Performance

NASDAQ VITL traded up $0.08 during trading hours on Friday, reaching $40.35. The company's stock had a trading volume of 699,910 shares, compared to its average volume of 724,155. The stock has a market cap of $1.70 billion, a PE ratio of 47.47 and a beta of 0.97. Vital Farms has a fifty-two week low of $10.41 and a fifty-two week high of $48.41. The company's 50-day moving average is $33.81 and its two-hundred day moving average is $35.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million for the quarter, compared to analysts' expectations of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm's revenue was up 38.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Analysts forecast that Vital Farms will post 1.11 EPS for the current 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.