Analysts Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $44.57

Vital Farms, Inc. (NASDAQ:VITL) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $44.57.

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a report on Tuesday, February 18th. Craig Hallum began coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen increased their target price on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the transaction, the insider now owns 7,014,890 shares in the company, valued at approximately $302,973,099.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total value of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,202 shares of company stock worth $7,855,957. Insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Vital Farms during the 3rd quarter valued at $35,000. CIBC Private Wealth Group LLC increased its position in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares during the period. US Bancorp DE increased its holdings in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Vital Farms in the 4th quarter valued at about $59,000. Finally, Mendota Financial Group LLC purchased a new position in Vital Farms in the 4th quarter worth approximately $62,000. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $34.90 on Friday. The business has a fifty day simple moving average of $39.31 and a 200 day simple moving average of $35.67. Vital Farms has a 1 year low of $16.18 and a 1 year high of $48.41. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 31.16 and a beta of 0.90. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

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.