Vital Farms (NASDAQ:VITL) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of Vital Farms (NASDAQ:VITL - Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $45.00 price target on the stock.

Several other equities research analysts have also weighed in on the company. Telsey Advisory Group restated an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. Morgan Stanley dropped their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. DA Davidson lowered their price target on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $44.67.

Vital Farms Stock Performance

Shares of VITL stock traded up $0.75 on Tuesday, hitting $39.05. 977,073 shares of the stock were exchanged, compared to its average volume of 1,029,393. Vital Farms has a one year low of $27.91 and a one year high of $46.58. The firm's 50 day moving average is $34.61 and its two-hundred day moving average is $35.24. The company has a current ratio of 3.35, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.74 billion, a PE ratio of 34.87 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The firm had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. During the same period in the prior year, the company earned $0.43 EPS. The company's revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CFO Thilo Wrede sold 1,200 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $31.93, for a total transaction of $38,316.00. Following the completion of the transaction, the chief financial officer owned 57,117 shares in the company, valued at $1,823,745.81. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the sale, the insider directly owned 6,858,890 shares of the company's stock, valued at $268,662,721.30. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,324 shares of company stock worth $4,469,714 in the last quarter. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its stake in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after acquiring an additional 540 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after acquiring an additional 1,652 shares during the last quarter. US Bancorp DE lifted its stake in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after acquiring an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter worth approximately $59,000. Finally, CWM LLC lifted its stake in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after acquiring an additional 650 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

About Vital Farms

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.