Vital Farms, Inc. (NASDAQ:VITL) Given Consensus Rating of "Buy" by Analysts

Key Points

• Vital Farms, Inc. has received an average rating of "Buy" from eleven analysts, with a 12-month price target of $49.80.
• Insider transactions revealed that Matthew Ohayer sold 100,000 shares of Vital Farms stock for approximately $5.1 million, decreasing ownership by 1.52%.
• The company's stock opened at $47.25, marking a 7.6% decline, while it reported $184.77 million in revenue for the last quarter, surpassing analyst expectations.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has received a consensus rating of "Buy" from the eleven analysts that are presently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $49.80.

Several research analysts have commented on VITL shares. Telsey Advisory Group raised their price objective on Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. DA Davidson raised their price objective on Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Mizuho raised their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, BMO Capital Markets raised their price objective on Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd.

Insider Activity at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the sale, the senior vice president directly owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total value of $770,037.00. Following the sale, the chief executive officer owned 702,476 shares of the company's stock, valued at $32,391,168.36. This represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 448,901 shares of company stock valued at $21,887,152. 21.30% of the stock is currently owned by insiders.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $51,000 after acquiring an additional 1,652 shares in the last quarter. US Bancorp DE grew its stake in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after acquiring an additional 513 shares in the last quarter. CWM LLC grew its stake in shares of Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after acquiring an additional 650 shares in the last quarter. Assetmark Inc. grew its stake in Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock worth $121,000 after purchasing an additional 501 shares in the last quarter. Finally, State of Wyoming bought a new stake in Vital Farms in the second quarter valued at about $141,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Trading Down 0.7%

Shares of VITL traded down $0.31 during trading hours on Tuesday, hitting $47.10. The stock had a trading volume of 944,503 shares, compared to its average volume of 1,120,173. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The firm has a market cap of $2.10 billion, a P/E ratio of 42.05 and a beta of 0.94. The company's fifty day simple moving average is $43.36 and its 200 day simple moving average is $36.68. Vital Farms has a 12-month low of $27.91 and a 12-month high of $53.13.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. During the same period last year, the company posted $0.36 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts forecast that Vital Farms will post 1.11 EPS for the current fiscal year.

Vital Farms Company Profile

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.