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

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $29.79, but opened at $31.39. Vital Farms shares last traded at $31.35, with a volume of 64,390 shares trading hands.

Analyst Ratings Changes

VITL has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Vital Farms in a research report on Monday. They issued an "overweight" rating and a $30.00 price target on the stock. DA Davidson lowered their price objective 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. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. Finally, William Blair reiterated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms has an average rating of "Buy" and an average price target of $42.00.

Vital Farms Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a 50 day moving average price of $35.49 and a 200-day moving average price of $35.63. The stock has a market capitalization of $1.29 billion, a PE ratio of 25.91 and a beta of 0.95.

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

Insider Transactions at Vital Farms

In related news, insider Matthew Ohayer sold 4,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the completion of the sale, the insider now directly owns 6,966,890 shares in the company, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,628 shares of Vital Farms stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.24, for a total transaction of $1,885,086.72. Following the transaction, the chief executive officer now directly owns 668,202 shares of the company's stock, valued at $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,474 shares of company stock worth $5,969,700 in the last quarter. Company insiders own 27.60% of the company's stock.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Vital Farms during the third quarter worth about $35,000. CIBC Private Wealth Group LLC lifted its stake in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after acquiring an additional 540 shares during the period. US Bancorp DE boosted its holdings in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Vital Farms in the fourth quarter worth $59,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Vital Farms during the fourth quarter worth $62,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.