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

Key Points

• Vital Farms, Inc. (NASDAQ:VITL) received a consensus recommendation of "Buy" from thirteen brokerages, with an average 1-year target price of $49.80.
• Recent performance data showed the company reported $0.36 earnings per share, surpassing expectations, and their revenue increased by 25.4% year-over-year.
• Company insiders have sold significant shares, with CEO Russell Diez-Canseco selling 16,700 shares valued at around $790,244, indicating a slight decrease in ownership.

Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have earned a consensus recommendation of "Buy" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $49.80.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Vital Farms in a research note on Saturday, September 27th. BMO Capital Markets raised their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Mizuho raised their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Cowen reaffirmed a "buy" rating on shares of Vital Farms in a report on Thursday, September 18th.

Vital Farms Stock Performance

VITL opened at $42.02 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The firm has a fifty day moving average price of $45.36 and a 200 day moving average price of $38.13. Vital Farms has a 1 year low of $27.91 and a 1 year high of $53.13. The stock has a market cap of $1.88 billion, a P/E ratio of 37.52 and a beta of 0.92.

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

Insider Activity at Vital Farms

In other news, CEO Russell Diez-Canseco sold 16,700 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $47.32, for a total transaction of $790,244.00. Following the transaction, the chief executive officer directly owned 685,776 shares in the company, valued at approximately $32,450,920.32. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $50.96, for a total transaction of $5,096,000.00. Following the transaction, the insider owned 6,482,070 shares in the company, valued at approximately $330,326,287.20. This trade represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,401 shares of company stock worth $20,512,230 in the last ninety days. Company insiders own 21.30% of the company's stock.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in shares of Vital Farms by 188.5% during the 2nd quarter. Osaic Holdings Inc. now owns 17,798 shares of the company's stock worth $685,000 after purchasing an additional 11,628 shares in the last quarter. Claris Financial LLC acquired a new position in shares of Vital Farms during the 2nd quarter worth $407,000. Ranger Investment Management L.P. raised its stake in shares of Vital Farms by 7.4% during the 2nd quarter. Ranger Investment Management L.P. now owns 236,120 shares of the company's stock worth $9,095,000 after buying an additional 16,215 shares during the last quarter. Cim LLC raised its stake in shares of Vital Farms by 5.6% during the 2nd quarter. Cim LLC now owns 12,551 shares of the company's stock worth $483,000 after buying an additional 670 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Vital Farms during the 2nd quarter worth $141,000. 98.59% of the stock is currently owned by hedge funds and other 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.

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