Vital Farms, Inc. (NASDAQ:VITL) Receives $45.00 Consensus Price Target from Analysts

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.00.

Several brokerages have recently issued reports on VITL. Weiss Ratings restated a “hold (c+)” rating on shares of Vital Farms in a research report on Monday, December 29th. Benchmark cut Vital Farms from a “buy” rating to a “hold” rating in a research report on Thursday, February 26th. TD Cowen reissued a “buy” rating on shares of Vital Farms in a research note on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and issued a $52.00 target price on shares of Vital Farms in a report on Wednesday, December 17th. Finally, Needham & Company LLC decreased their price target on shares of Vital Farms from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 25,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $30.85, for a total value of $771,250.00. Following the completion of the transaction, the insider directly owned 6,361,190 shares in the company, valued at approximately $196,242,711.50. The trade was a 0.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $586,526.70. Following the transaction, the chief executive officer directly owned 649,684 shares in the company, valued at approximately $22,771,424.20. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 86,734 shares of company stock worth $2,498,827 in the last three months. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently made changes to their positions in VITL. Caitong International Asset Management Co. Ltd lifted its position in Vital Farms by 129.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,044 shares of the company’s stock worth $97,000 after buying an additional 1,716 shares during the period. Invesco Ltd. grew its holdings in Vital Farms by 95.3% in the 4th quarter. Invesco Ltd. now owns 168,264 shares of the company’s stock valued at $5,374,000 after buying an additional 82,086 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Vital Farms during the 4th quarter valued at about $263,000. Wellington Management Group LLP increased its stake in shares of Vital Farms by 1.3% during the 4th quarter. Wellington Management Group LLP now owns 2,047,955 shares of the company’s stock valued at $65,412,000 after acquiring an additional 26,150 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC lifted its holdings in shares of Vital Farms by 108.0% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 111,689 shares of the company’s stock worth $3,567,000 after acquiring an additional 57,999 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $19.89 on Tuesday. Vital Farms has a 1 year low of $19.61 and a 1 year high of $53.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.16 and a quick ratio of 1.61. The business has a 50 day moving average price of $27.36 and a 200 day moving average price of $35.07. The company has a market capitalization of $891.07 million, a P/E ratio of 13.81 and a beta of 1.14.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, February 26th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $213.55 million for the quarter, compared to analyst estimates of $212.83 million. Vital Farms had a net margin of 8.73% and a return on equity of 20.69%. Vital Farms’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Sell-side analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

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.