Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) shares saw strong trading volume on Wednesday . 650,534 shares were traded during trading, a decline of 12% from the previous session's volume of 739,367 shares.The stock last traded at $36.49 and had previously closed at $38.31.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on VITL. Stifel Nicolaus reduced their price objective on Vital Farms from $42.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. DA Davidson boosted 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. Finally, TD Cowen raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.20.
View Our Latest Stock Report on VITL
Vital Farms Price Performance
The stock has a market cap of $1.52 billion, a P/E ratio of 42.48 and a beta of 0.97. The business has a 50-day simple moving average of $34.12 and a 200 day simple moving average of $35.85. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The business had revenue of $147.39 million for the quarter, compared to analysts' expectations of $138.41 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm's revenue was up 38.5% on a year-over-year basis. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company's stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Russell Diez-Canseco sold 44,653 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 24,000 shares of the 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 sale, the insider now owns 7,194,777 shares of the company's stock, valued at approximately $281,243,832.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 30.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Vital Farms
Several institutional investors have recently modified their holdings of VITL. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the second quarter worth $42,000. CWM LLC boosted its holdings in Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company's stock worth $49,000 after buying an additional 655 shares during the period. Quarry LP grew its stake in Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock valued at $60,000 after buying an additional 830 shares in the last quarter. nVerses Capital LLC raised its holdings in Vital Farms by 66.7% during the 2nd 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 period. Finally, Quest Partners LLC purchased a new stake in shares of Vital Farms during the second quarter worth $97,000. 98.59% of the stock is owned by institutional investors.
About Vital Farms
(
Get Free Report)
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.
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