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

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has earned an average recommendation of "Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.63.

Several equities analysts have recently commented on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. Morgan Stanley lowered their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, DA Davidson lowered their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th.

Vital Farms Stock Performance

Shares of Vital Farms stock traded up $1.47 during trading hours on Thursday, reaching $38.83. 1,508,867 shares of the stock traded hands, compared to its average volume of 1,032,333. The company has a 50 day moving average price of $33.94 and a 200 day moving average price of $35.22. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 34.67 and a beta of 0.90. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.03. Vital Farms has a one year low of $27.91 and a one year high of $48.41.

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

Insider Transactions at Vital Farms

In other news, insider Matthew Ohayer sold 24,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $32.68, for a total transaction of $784,320.00. Following the sale, the insider now directly owns 6,942,890 shares of the company's stock, valued at $226,893,645.20. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thilo Wrede sold 1,200 shares of the company'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 value of $38,316.00. Following the sale, the chief financial officer now directly owns 57,117 shares in the company, valued at $1,823,745.81. This trade represents 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 valued at $3,294,614 in the last ninety days. Corporate insiders own 21.30% of the company's stock.

Institutional Trading of Vital Farms

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Vital Farms by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock worth $2,298,000 after buying an additional 337 shares during the last quarter. Principal Securities Inc. lifted its position in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after buying an additional 380 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock worth $131,000 after buying an additional 475 shares during the last quarter. US Bancorp DE lifted its position in Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after buying an additional 513 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock worth $306,000 after buying an additional 518 shares during the last quarter. 98.59% of the stock is currently 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.