Vital Farms, Inc. (NASDAQ:VITL) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Vital Farms, Inc. (NASDAQ:VITL) has received a consensus rating of "Buy" from eleven analysts, with an average one-year price target of $48.20.
• Insider trading activity includes the sale of over 94,000 shares by company insiders in the past ninety days, reducing their overall ownership to 21.30%.
• Vital Farms reported a quarterly EPS of $0.36, exceeding analyst expectations and marking a 25.4% increase in revenue compared to the same period last year.

Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have been assigned a consensus rating of "Buy" from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.20.

VITL has been the topic of several research reports. DA Davidson increased their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. BMO Capital Markets restated an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Mizuho upped their target price 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. Telsey Advisory Group upped their target price on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a "buy" rating in a report on Friday, August 8th.

Vital Farms Stock Up 0.4%

Shares of VITL stock traded up $0.18 on Friday, reaching $49.58. 391,770 shares of the stock were exchanged, compared to its average volume of 989,378. Vital Farms has a twelve month low of $27.91 and a twelve month high of $50.50. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 44.27 and a beta of 0.94. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The business's 50 day moving average price is $38.43 and its 200 day moving average price is $34.99.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business had revenue of $184.77 million during the quarter, compared to analysts' expectations of $170.28 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business's revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 5,000 shares of Vital Farms stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $40.34, for a total transaction of $201,700.00. Following the sale, the insider directly owned 6,872,070 shares in the company, valued at $277,219,303.80. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,105 shares of company stock valued at $3,645,398. 21.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased 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 valued at $51,000 after buying an additional 1,652 shares during the period. US Bancorp DE boosted 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 purchasing an additional 513 shares during the period. CWM LLC boosted 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 purchasing an additional 650 shares during the period. Assetmark Inc. boosted its stake in shares of Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock valued at $121,000 after purchasing an additional 501 shares during the period. Finally, Summit Investment Advisors Inc. boosted its stake in shares of Vital Farms by 15.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after purchasing an additional 475 shares during the period. Institutional investors own 98.59% of the company's stock.

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.