Vital Farms, Inc. (NASDAQ:VITL) Given Average Recommendation of "Buy" by Brokerages

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has been assigned a consensus rating of "Buy" from the nine analysts that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $42.00.

Several analysts recently issued reports on VITL shares. Craig Hallum began coverage on shares of Vital Farms in a report on Friday, December 20th. They set a "buy" rating and a $50.00 price objective for the company. DA Davidson decreased their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Morgan Stanley began coverage on Vital Farms in a report on Monday, March 24th. They set an "overweight" rating and a $30.00 price target for the company. TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a report on Friday, February 28th.

Insider Buying and Selling at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the transaction, the insider now owns 7,014,890 shares in the company, valued at $302,973,099.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares in the company, valued at $23,708,865.84. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,670 shares of company stock valued at $5,087,257. 27.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Large investors have recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Vital Farms during the 1st quarter valued at about $112,000. SG Americas Securities LLC acquired a new position in shares of Vital Farms during the 1st quarter worth about $760,000. Clean Yield Group raised its position in shares of Vital Farms by 16.2% in the 1st quarter. Clean Yield Group now owns 67,341 shares of the company's stock valued at $2,052,000 after acquiring an additional 9,384 shares during the period. Chatham Capital Group Inc. increased its stake in Vital Farms by 4.7% in the first quarter. Chatham Capital Group Inc. now owns 71,975 shares of the company's stock valued at $2,193,000 after purchasing an additional 3,260 shares in the last quarter. Finally, Green Alpha Advisors LLC raised its holdings in Vital Farms by 15.7% in the first quarter. Green Alpha Advisors LLC now owns 50,458 shares of the company's stock worth $1,537,000 after purchasing an additional 6,831 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Down 0.6 %

NASDAQ VITL traded down $0.21 during trading on Friday, reaching $32.82. The company's stock had a trading volume of 121,276 shares, compared to its average volume of 1,032,604. The stock has a market capitalization of $1.45 billion, a PE ratio of 29.39 and a beta of 0.96. The business has a 50-day moving average price of $32.41 and a 200-day moving average price of $35.57. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms has a 1-year low of $24.75 and a 1-year high of $48.41.

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