Vital Farms, Inc. (NASDAQ:VITL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $39.20.

A number of brokerages recently weighed in on VITL. DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Stifel Nicolaus decreased their price target on Vital Farms from $42.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Jefferies Financial Group decreased their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Monday. Finally, TD Cowen decreased their price target on Vital Farms from $46.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, November 8th.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares of the company's stock, valued at approximately $281,243,832.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 27.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC grew its holdings in Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock valued at $20,056,000 after purchasing an additional 463,471 shares during the period. Millennium Management LLC grew its holdings in Vital Farms by 651.3% in the second quarter. Millennium Management LLC now owns 494,153 shares of the company's stock valued at $23,112,000 after purchasing an additional 428,382 shares during the period. Emerald Advisers LLC grew its holdings in Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company's stock valued at $24,775,000 after purchasing an additional 364,837 shares during the period. Renaissance Technologies LLC grew its holdings in Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company's stock valued at $36,675,000 after purchasing an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Vital Farms by 73.6% in the second 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. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Stock Up 0.2 %

Shares of VITL traded up $0.07 during midday trading on Wednesday, reaching $28.50. 1,179,879 shares of the stock were exchanged, compared to its average volume of 787,887. Vital Farms has a 52 week low of $11.98 and a 52 week 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. The company's 50 day moving average is $34.89 and its two-hundred day moving average is $36.69. The company has a market capitalization of $1.25 billion, a P/E ratio of 25.45 and a beta of 0.97.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted 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. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business's revenue was up 31.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Vital Farms will post 1.11 earnings per share for the current 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.