Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $48.20

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.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) has been given a consensus recommendation of "Buy" by the eleven brokerages that are covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.20.

VITL has been the subject of several recent analyst reports. DA Davidson upped their target price on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Mizuho upped their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. BMO Capital Markets reiterated an "outperform" rating on shares of Vital Farms in a research note on Friday, August 8th. Telsey Advisory Group boosted their target price on Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Lake Street Capital set a $60.00 price target on Vital Farms and gave the stock a "buy" rating in a research note on Friday, August 8th.

Insider Transactions at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of Vital Farms stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.11, for a total transaction of $770,037.00. Following the completion of the transaction, the chief executive officer owned 702,476 shares in the company, valued at $32,391,168.36. This represents a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,105 shares of company stock valued at $3,645,398 over the last ninety days. Company insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Vital Farms by 53.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock valued at $706,000 after purchasing an additional 8,049 shares during the period. Vontobel Holding Ltd. increased its position in shares of Vital Farms by 6.6% during the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock worth $257,000 after acquiring an additional 521 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock valued at $3,188,000 after purchasing an additional 17,017 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Vital Farms during the fourth quarter worth about $1,114,000. Finally, Arizona State Retirement System raised its position in Vital Farms by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock valued at $287,000 after buying an additional 672 shares during the last quarter. Institutional investors own 98.59% of the company's stock.

Vital Farms Trading Up 2.8%

Shares of Vital Farms stock traded up $1.35 during trading on Friday, reaching $49.10. 315,638 shares of the company were exchanged, compared to its average volume of 990,317. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 43.81 and a beta of 0.94. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $38.07 and a 200-day moving average price of $34.96. Vital Farms has a twelve month low of $27.91 and a twelve month high of $49.09.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $170.28 million. During the same quarter last year, the business earned $0.36 earnings per share. Vital Farms's revenue was up 25.4% on a year-over-year basis. Sell-side analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

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.