Vital Farms, Inc. (NASDAQ:VITL) Given Consensus Rating of “Buy” by Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.71.

Several equities research analysts have commented on VITL shares. DA Davidson cut their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 price target on shares of Vital Farms in a research report on Thursday, March 13th. Craig Hallum initiated 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. William Blair reiterated an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 24,000 shares of the company’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 of the company’s stock, valued at $268,815,209.10. This represents a 0.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,628 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.24, for a total value of $1,885,086.72. Following the sale, the chief executive officer now directly owns 668,202 shares of the company’s stock, valued at $28,224,852.48. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,474 shares of company stock worth $6,171,500. Insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VITL. Wellington Management Group LLP raised its stake in shares of Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after acquiring an additional 1,961,550 shares during the period. Principal Financial Group Inc. raised its position in Vital Farms by 78.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after purchasing an additional 516,139 shares during the period. Lord Abbett & CO. LLC lifted its stake in Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock worth $39,904,000 after purchasing an additional 415,614 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Vital Farms by 96.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock worth $23,696,000 after purchasing an additional 308,425 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Vital Farms by 105.5% during the fourth quarter. Wasatch Advisors LP now owns 579,808 shares of the company’s stock worth $21,853,000 after buying an additional 297,684 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Vital Farms stock opened at $31.59 on Tuesday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 28.21 and a beta of 0.95. The company’s fifty day moving average price is $37.14 and its 200 day moving average price is $35.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms has a 1 year low of $21.30 and a 1 year high of $48.41.

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

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.