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

Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have been given an average recommendation of "Buy" by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $44.67.

A number of research firms recently commented on VITL. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. Mizuho initiated coverage on Vital Farms in a research report on Tuesday, July 8th. They set an "outperform" rating and a $45.00 target price for the company. Morgan Stanley cut their price target on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th.

Vital Farms Stock Performance

Vital Farms stock opened at $37.40 on Monday. The company has a market cap of $1.67 billion, a PE ratio of 33.39 and a beta of 0.94. The company's 50-day moving average is $35.21 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. Vital Farms has a 1 year low of $27.91 and a 1 year high of $45.72.

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

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 30,000 shares of Vital Farms stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thilo Wrede sold 1,200 shares of Vital Farms stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the transaction, the chief financial officer directly owned 56,187 shares in the company, valued at $2,189,607.39. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,400 shares of company stock worth $2,211,930. 21.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vital Farms

A number of large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its position in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying 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% in the 1st 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 during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms in the 4th quarter worth approximately $59,000. US Bancorp DE grew its position in shares of Vital Farms by 36.2% in the 1st 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, CWM LLC grew its position in shares of Vital Farms by 43.2% in the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after buying an additional 650 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.

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