Vital Farms, Inc. (NASDAQ:VITL) Receives Average Rating of "Moderate Buy" from Brokerages

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.00.

A number of analysts have recently commented on VITL shares. TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a report on Friday, November 8th. Jefferies Financial Group decreased their price objective on shares of Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a report on Monday, November 11th. Craig Hallum initiated coverage on Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Finally, DA Davidson boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 approximately $21,531,574.43. The trade was a 7.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,381 shares of company stock worth $5,328,422. Insiders own 27.60% of the company's stock.

Institutional Trading of Vital Farms

A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in Vital Farms in the 3rd quarter valued at $16,464,000. Millennium Management LLC lifted its stake in shares of Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company's stock valued at $23,112,000 after acquiring an additional 428,382 shares during the last quarter. Emerald Advisers LLC boosted its position in Vital Farms by 106.8% during the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock valued at $24,775,000 after buying an additional 364,837 shares during the period. Renaissance Technologies LLC lifted its holdings in Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock worth $36,675,000 after buying an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC increased its position in Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company's stock valued at $31,766,000 after purchasing an additional 288,039 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Up 3.1 %

NASDAQ:VITL traded up $1.15 during mid-day trading on Thursday, hitting $38.84. The stock had a trading volume of 444,317 shares, compared to its average volume of 815,840. The stock has a 50-day simple moving average of $34.64 and a two-hundred day simple moving average of $36.10. The company has a market capitalization of $1.70 billion, a PE ratio of 34.68 and a beta of 0.93. Vital Farms has a twelve month low of $14.16 and a twelve month high of $48.41. 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 (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business's revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. On average, equities research analysts anticipate 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.