Vital Farms, Inc. (NASDAQ:VITL) Receives $44.63 Consensus Price Target from Analysts

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has received a consensus recommendation of "Buy" from the nine analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $44.63.

VITL has been the subject of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Telsey Advisory Group restated an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research note on Monday, May 5th. Morgan Stanley decreased their price target on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. BMO Capital Markets upgraded shares of Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a report on Friday, February 28th.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $32.68, for a total value of $784,320.00. Following the completion of the transaction, the insider now directly owns 6,942,890 shares in the company, valued at approximately $226,893,645.20. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thilo Wrede sold 1,200 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $31.93, for a total transaction of $38,316.00. Following the sale, the chief financial officer now directly owns 57,117 shares of the company's stock, valued at approximately $1,823,745.81. The trade was a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,324 shares of company stock worth $3,294,614 over the last three months. 21.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its holdings in 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 purchasing an additional 540 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Vital Farms by 20,650.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after buying an additional 872 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Vital Farms in the fourth quarter valued at $59,000. Finally, Principal Securities Inc. raised its holdings in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Up 3.9%

Shares of Vital Farms stock traded up $1.47 during trading on Thursday, hitting $38.83. 1,508,867 shares of the stock were exchanged, compared to its average volume of 1,034,760. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.35 and a quick ratio of 2.91. The firm's 50-day moving average price is $33.83 and its 200 day moving average price is $35.25. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 33.36 and a beta of 0.89. Vital Farms has a 12-month low of $27.91 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The business had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Vital Farms will post 1.11 earnings per share for the current fiscal year.

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.