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

Telsey Advisory Group reiterated their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $50.00 price target on the stock.

Other analysts also recently issued research reports about the company. Cowen reaffirmed a “buy” rating on shares of Vital Farms in a research note on Thursday, December 18th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Vital Farms in a report on Thursday, December 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $52.00 price target on shares of Vital Farms in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vital Farms in a research report on Monday, December 29th. Finally, Morgan Stanley lowered their target price on Vital Farms from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Vital Farms Stock Down 0.2%

Vital Farms stock opened at $29.49 on Tuesday. The company’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $38.60. Vital Farms has a fifty-two week low of $28.87 and a fifty-two week high of $53.13. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The business’s quarterly revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Vital Farms will post 1.11 EPS for the current year.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 25,000 shares of Vital Farms stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $31.92, for a total value of $798,000.00. Following the sale, the insider directly owned 6,422,070 shares in the company, valued at $204,992,474.40. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 16,734 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.05, for a total transaction of $586,526.70. Following the transaction, the chief executive officer owned 649,684 shares of the company’s stock, valued at $22,771,424.20. The trade was a 2.51% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 101,734 shares of company stock valued at $3,350,177. Insiders own 21.30% of the company’s stock.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new position in Vital Farms during the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Vital Farms during the 3rd quarter worth approximately $55,000. GAMMA Investing LLC boosted its holdings in shares of Vital Farms by 896.2% in the 4th quarter. GAMMA Investing LLC now owns 2,590 shares of the company’s stock valued at $83,000 after buying an additional 2,330 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Vital Farms in the third quarter valued at $105,000. Finally, Assetmark Inc. increased its holdings in Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.