Vital Farms (NASDAQ:VITL) Trading Up 3.8% - Here's Why

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) shot up 3.8% on Tuesday . The company traded as high as $32.48 and last traded at $32.55. 404,348 shares were traded during trading, a decline of 59% from the average session volume of 987,512 shares. The stock had previously closed at $31.36.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research report on Thursday, March 13th. DA Davidson decreased their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. TD Cowen boosted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $42.00.

Vital Farms Stock Performance

The firm has a market cap of $1.32 billion, a PE ratio of 26.54 and a beta of 0.95. The business has a 50 day simple moving average of $35.18 and a two-hundred day simple moving average of $35.65. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04.

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Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $165.99 million for the quarter, compared to analysts' expectations of $160.32 million. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other news, CMO Kathryn Mckeon sold 12,300 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the sale, the chief marketing officer now owns 46,203 shares in the company, valued at approximately $2,035,242.15. The trade was a 21.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the transaction, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. The trade was a 0.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,474 shares of company stock valued at $5,969,700. Corporate insiders own 27.60% of the company's stock.

Institutional Trading of Vital Farms

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new position in Vital Farms during the 3rd quarter worth approximately $789,000. Intech Investment Management LLC acquired a new stake in shares of Vital Farms in the 3rd quarter worth about $301,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Vital Farms by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company's stock valued at $8,888,000 after buying an additional 14,426 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vital Farms during the third quarter worth approximately $286,000. Finally, Brown Brothers Harriman & Co. bought a new position in Vital Farms in the 3rd quarter worth approximately $35,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.