Shares of Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.33.
A number of analysts have weighed in on VITL shares. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a "buy" rating and a $50.00 target price on the stock. Stifel Nicolaus boosted their price objective on Vital Farms from $34.00 to $44.00 and gave the stock a "hold" rating in a research report on Friday. Jefferies Financial Group dropped their target price on Vital Farms from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, November 11th. TD Cowen boosted their price target on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, DA Davidson raised 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 Thursday, October 10th.
Check Out Our Latest Stock Analysis on VITL
Vital Farms stock opened at $43.14 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms has a 52 week low of $14.37 and a 52 week high of $48.41. The stock has a market capitalization of $1.89 billion, a P/E ratio of 38.52 and a beta of 0.88. The stock has a fifty day moving average of $37.63 and a 200-day moving average of $35.73.
Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.
In other news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the transaction, the insider now owns 7,038,890 shares in the company, valued at approximately $268,815,209.10. The trade was a 0.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the sale, the insider now owns 59,371 shares of the company's stock, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,202 shares of company stock valued at $7,855,957 over the last ninety days. 27.60% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in VITL. Canada Pension Plan Investment Board acquired a new stake in Vital Farms during the second quarter worth approximately $168,000. Sei Investments Co. grew its position in shares of Vital Farms by 242.4% during the 2nd quarter. Sei Investments Co. now owns 88,037 shares of the company's stock worth $4,117,000 after buying an additional 62,325 shares during the period. Squarepoint Ops LLC grew its position in shares of Vital Farms by 230.8% during the 2nd quarter. Squarepoint Ops LLC now owns 230,940 shares of the company's stock worth $10,801,000 after buying an additional 161,131 shares during the period. AQR Capital Management LLC increased its stake in shares of Vital Farms by 317.9% in the 2nd quarter. AQR Capital Management LLC now owns 74,161 shares of the company's stock valued at $3,469,000 after acquiring an additional 56,414 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Vital Farms by 651.3% during the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company's stock valued at $23,112,000 after acquiring an additional 428,382 shares during the period. 98.59% of the stock is owned by institutional investors.
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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