TD Cowen Issues Pessimistic Forecast for Vital Farms (NASDAQ:VITL) Stock Price

Vital Farms (NASDAQ:VITL - Free Report) had its price objective trimmed by TD Cowen from $46.00 to $41.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

VITL has been the topic of a number of other research reports. Stifel Nicolaus cut their target price on 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 boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.75.

Vital Farms Stock Down 1.5 %

NASDAQ:VITL traded down $0.47 during trading hours on Friday, hitting $30.91. 1,388,144 shares of the company traded hands, compared to its average volume of 776,472. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.33 billion, a PE ratio of 29.22 and a beta of 0.97. The firm's 50-day simple moving average is $35.02 and its 200-day simple moving average is $36.54. Vital Farms has a one year low of $11.55 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. During the same period last year, the firm earned $0.10 earnings per share. The firm's revenue was up 31.3% on a year-over-year basis. Equities analysts predict that Vital Farms will post 1.11 earnings per share for the current year.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Several large investors have recently modified their holdings of VITL. 1620 Investment Advisors Inc. purchased a new position in Vital Farms in the 2nd quarter valued at approximately $42,000. CWM LLC grew its position in shares of 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 purchasing an additional 655 shares in the last quarter. Quarry LP lifted its holdings in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock worth $60,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC boosted its stake in Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company's stock worth $94,000 after purchasing an additional 800 shares during the period. Finally, Quest Partners LLC purchased a new position in Vital Farms during the 2nd quarter valued at about $97,000. Hedge funds and other institutional investors own 98.59% of the company's stock.

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.