Vital Farms (NASDAQ:VITL) Shares Gap Down - What's Next?

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $34.90, but opened at $33.74. Vital Farms shares last traded at $32.99, with a volume of 284,416 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VITL shares. Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a "buy" rating and a $50.00 price objective for the company. TD Cowen upped their price target on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on Vital Farms from $34.00 to $44.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a report on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price target on Vital Farms from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Vital Farms has an average rating of "Moderate Buy" and an average target price of $44.57.

Vital Farms Stock Down 2.1 %

The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.46 and a beta of 0.90. The business has a 50-day moving average of $39.31 and a 200-day moving average of $35.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Tuesday, January 21st. The stock was 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 approximately $302,973,099.10. This trade represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joanne Bal sold 28,246 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the transaction, the insider now owns 59,371 shares of the company's stock, valued at $2,677,632.10. This trade represents a 32.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock worth $7,855,957 over the last ninety days. Corporate insiders own 27.60% of the company's stock.

Institutional Trading of Vital Farms

Several institutional investors and hedge funds have recently made changes to their positions in VITL. Dakota Wealth Management purchased a new stake in Vital Farms in the third quarter valued at approximately $200,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Vital Farms by 27.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company's stock valued at $291,000 after buying an additional 1,763 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Vital Farms by 93.9% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company's stock worth $18,646,000 after buying an additional 257,492 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Vital Farms in the 3rd quarter valued at about $1,798,000. Finally, Emerald Advisers LLC grew its position in Vital Farms by 106.8% in 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 last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.