Vital Farms, Inc. (NASDAQ:VITL) Receives $35.20 Average Price Target from Analysts

Vital Farms, Inc. (NASDAQ:VITL) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.20.

A number of research firms have issued reports on VITL. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, August 9th. DA Davidson increased their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus lowered their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of Vital Farms stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Farms

Several hedge funds have recently made changes to their positions in VITL. Lord Abbett & CO. LLC grew its stake in Vital Farms by 116.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock worth $20,056,000 after buying an additional 463,471 shares during the last quarter. Millennium Management LLC grew its position in shares of Vital Farms by 651.3% during the second quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock worth $23,112,000 after acquiring an additional 428,382 shares during the last quarter. Emerald Advisers LLC purchased a new position in shares of Vital Farms during the second quarter worth approximately $15,977,000. Renaissance Technologies LLC increased its holdings in shares of Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after acquiring an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Vital Farms by 73.6% during the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock worth $31,766,000 after purchasing an additional 288,039 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Up 1.7 %

VITL opened at $35.37 on Friday. 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 firm has a market cap of $1.49 billion, a P/E ratio of 41.61 and a beta of 0.97. Vital Farms has a 52 week low of $10.65 and a 52 week high of $48.41. The business has a fifty day simple moving average of $34.38 and a 200-day simple moving average of $35.91.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $147.39 million during the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. Vital Farms’s revenue was up 38.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities analysts expect that Vital Farms will post 1.11 earnings per share for the current year.

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.