Vital Farms, Inc. (NASDAQ:VITL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITLGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.40.

VITL has been the subject of a number of analyst reports. DA Davidson upped their price objective on Vital Farms from $28.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. TD Cowen raised their price target on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a report on Friday, May 10th. Stifel Nicolaus lowered shares of Vital Farms from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $30.00 to $40.00 in a research note on Friday, May 10th. TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Finally, William Blair assumed coverage on shares of Vital Farms in a report on Wednesday, April 10th. They issued an “outperform” rating on the stock.

Read Our Latest Stock Report on Vital Farms

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 31,643 shares of Vital Farms stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $20.94, for a total transaction of $662,604.42. Following the completion of the sale, the chief executive officer now directly owns 318,931 shares in the company, valued at $6,678,415.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Russell Diez-Canseco sold 31,643 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $20.94, for a total value of $662,604.42. Following the completion of the transaction, the chief executive officer now directly owns 318,931 shares in the company, valued at $6,678,415.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joanne Bal sold 2,597 shares of Vital Farms stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $40.71, for a total value of $105,723.87. Following the sale, the insider now directly owns 59,101 shares of the company’s stock, valued at approximately $2,406,001.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,694 shares of company stock worth $6,192,348. 30.20% of the stock is owned by corporate insiders.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently made changes to their positions in VITL. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vital Farms by 52.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock valued at $95,000 after purchasing an additional 2,833 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Vital Farms by 71.9% in the third quarter. Teacher Retirement System of Texas now owns 27,193 shares of the company’s stock worth $315,000 after buying an additional 11,374 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in Vital Farms by 77.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 34,681 shares of the company’s stock worth $402,000 after acquiring an additional 15,082 shares during the period. Los Angeles Capital Management LLC grew its holdings in Vital Farms by 1.3% during the third quarter. Los Angeles Capital Management LLC now owns 165,958 shares of the company’s stock worth $1,922,000 after acquiring an additional 2,102 shares during the period. Finally, Versor Investments LP purchased a new position in Vital Farms during the third quarter valued at approximately $318,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Trading Down 0.3 %

NASDAQ VITL opened at $40.40 on Wednesday. Vital Farms has a one year low of $10.00 and a one year high of $41.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 47.53 and a beta of 0.79. The company’s 50-day simple moving average is $29.10 and its two-hundred day simple moving average is $20.37.

Vital Farms (NASDAQ:VITLGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $147.93 million for the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. Equities analysts forecast that Vital Farms will post 0.94 EPS for the current fiscal year.

Vital Farms Company Profile

(Get Free Report

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.

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Analyst Recommendations for Vital Farms (NASDAQ:VITL)

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