Vital Farms’ (VITL) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a report published on Thursday,Benzinga reports. They currently have a $52.00 price objective on the stock.

A number of other analysts have also recently issued reports on VITL. Stifel Nicolaus upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. TD Cowen upped their price target 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, Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 price target on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has an average rating of “Buy” and an average target price of $43.71.

Vital Farms Stock Up 5.5 %

Shares of Vital Farms stock opened at $30.94 on Thursday. The stock has a 50-day simple moving average of $37.28 and a 200-day simple moving average of $35.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms has a 52-week low of $21.30 and a 52-week high of $48.41. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 27.63 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. On average, equities research analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the transaction, the chief marketing officer now owns 46,203 shares in the company, valued at $1,944,222.24. This trade represents a 21.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total value of $916,560.00. Following the transaction, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,474 shares of company stock valued at $6,171,500 over the last three months. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB acquired a new stake in shares of Vital Farms during the 4th quarter valued at $2,765,000. JPMorgan Chase & Co. raised its stake in Vital Farms by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock worth $9,343,000 after buying an additional 74,593 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Vital Farms by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 253,434 shares of the company’s stock worth $8,888,000 after buying an additional 14,426 shares during the period. Franklin Resources Inc. raised its stake in shares of Vital Farms by 10.2% in the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after purchasing an additional 34,412 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Vital Farms in the fourth quarter worth approximately $699,000. Institutional investors own 98.59% of the company’s stock.

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.