Vital Farms, Inc. (NASDAQ:VITL) Receives $34.60 Consensus Target Price from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.60.

Several research firms recently commented on VITL. Stifel Nicolaus decreased their price objective on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, August 9th.

Vital Farms Trading Down 0.2 %

Shares of VITL opened at $35.07 on Tuesday. Vital Farms has a twelve month low of $10.41 and a twelve month high of $48.41. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.51 billion, a P/E ratio of 41.26 and a beta of 0.96. The firm’s 50-day moving average is $32.92 and its two-hundred day moving average is $34.13.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data 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 firm 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 quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, research analysts predict that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,381 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.51. Following the completion of the transaction, the chief executive officer now owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Russell Diez-Canseco sold 44,381 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.71, for a total transaction of $1,939,893.51. Following the sale, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the transaction, the insider now owns 7,266,777 shares of the company’s stock, valued at $287,619,033.66. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the 2nd quarter valued at about $42,000. CWM LLC grew its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares during the period. Quarry LP increased its position in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after purchasing an additional 830 shares during the last quarter. nVerses Capital LLC increased its position in Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Vital Farms during the second quarter worth approximately $97,000. 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.