Telsey Advisory Group Reaffirms “Outperform” Rating for Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $52.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 46.98% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus upped their target price on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Jefferies Financial Group cut their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Craig Hallum assumed coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, TD Cowen upped their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.57.

Vital Farms Trading Up 3.1 %

Shares of Vital Farms stock opened at $35.38 on Tuesday. The firm’s 50 day simple moving average is $39.41 and its two-hundred day simple moving average is $35.66. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.59 and a beta of 0.90. Vital Farms has a 12-month low of $15.44 and a 12-month high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Insider Activity

In related news, insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the transaction, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,202 shares of company stock valued at $7,855,957 in the last quarter. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vital Farms

A number of institutional investors have recently modified their holdings of the business. Foresight Group Ltd Liability Partnership boosted its position in Vital Farms by 60.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 15,665 shares of the company’s stock worth $549,000 after purchasing an additional 5,875 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Vital Farms during the 3rd quarter worth approximately $200,000. CWC Advisors LLC. purchased a new position in shares of Vital Farms during the 3rd quarter valued at approximately $240,000. DekaBank Deutsche Girozentrale grew its stake in Vital Farms by 27.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,301 shares of the company’s stock valued at $291,000 after acquiring an additional 1,763 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in Vital Farms by 93.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock valued at $18,646,000 after acquiring an additional 257,492 shares during the period. 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.