Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) PT at $49.80

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $49.80.

Several equities research analysts recently weighed in on the company. Telsey Advisory Group boosted their target price on Vital Farms from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. BMO Capital Markets boosted their target price on Vital Farms from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Lake Street Capital set a $60.00 target price on Vital Farms and gave the stock a “buy” rating in a research note on Friday, August 8th. DA Davidson boosted their target price on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Mizuho boosted their target price on Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th.

Vital Farms Stock Performance

Shares of VITL opened at $48.48 on Tuesday. The stock has a 50-day simple moving average of $43.55 and a 200-day simple moving average of $36.79. The stock has a market capitalization of $2.17 billion, a PE ratio of 43.29 and a beta of 0.94. Vital Farms has a 1 year low of $27.91 and a 1 year high of $53.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. On average, analysts predict that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other news, insider Joanne Bal sold 4,796 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total value of $244,356.20. Following the transaction, the insider owned 43,332 shares of the company’s stock, valued at approximately $2,207,765.40. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 145,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $51.98, for a total value of $7,537,100.00. Following the completion of the transaction, the insider directly owned 6,582,070 shares in the company, valued at approximately $342,135,998.60. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,701 shares of company stock worth $21,058,336. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Vital Farms by 17.8% in the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock valued at $87,262,000 after purchasing an additional 432,848 shares during the period. Wasatch Advisors LP increased its holdings in shares of Vital Farms by 80.2% in the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock valued at $79,921,000 after purchasing an additional 923,507 shares during the period. American Century Companies Inc. increased its holdings in shares of Vital Farms by 35.7% in the second quarter. American Century Companies Inc. now owns 1,687,869 shares of the company’s stock valued at $65,017,000 after purchasing an additional 444,402 shares during the period. Marshall Wace LLP increased its holdings in shares of Vital Farms by 97.4% in the second quarter. Marshall Wace LLP now owns 1,234,008 shares of the company’s stock valued at $47,534,000 after purchasing an additional 608,723 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Vital Farms by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock valued at $36,855,000 after purchasing an additional 37,614 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.