Analysts Set Vital Farms, Inc. (NASDAQ:VITL) PT at $48.20

Vital Farms, Inc. (NASDAQ:VITL) has earned an average rating of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $48.20.

Several equities research analysts have weighed in on VITL shares. Telsey Advisory Group increased their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. 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. Stifel Nicolaus increased their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, August 8th. Finally, Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the company a “buy” rating in a research report on Friday, August 8th.

Insider Activity

In related news, CEO Russell Diez-Canseco sold 16,700 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00. Following the transaction, the chief executive officer owned 702,476 shares in the company, valued at $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total transaction of $46,764.00. Following the transaction, the chief financial officer owned 56,187 shares in the company, valued at $2,189,607.39. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,105 shares of company stock worth $3,645,398. 21.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Farms

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ranger Investment Management L.P. increased its position in shares of Vital Farms by 7.4% during the second quarter. Ranger Investment Management L.P. now owns 236,120 shares of the company’s stock valued at $9,095,000 after buying an additional 16,215 shares during the period. Cim LLC lifted its position in Vital Farms by 5.6% during the 2nd quarter. Cim LLC now owns 12,551 shares of the company’s stock valued at $483,000 after acquiring an additional 670 shares during the period. State of Wyoming purchased a new position in Vital Farms during the 2nd quarter valued at about $141,000. Tower Research Capital LLC TRC lifted its position in Vital Farms by 363.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,714 shares of the company’s stock valued at $182,000 after acquiring an additional 3,696 shares during the period. Finally, Wasatch Advisors LP lifted its position in Vital Farms by 80.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock valued at $79,921,000 after acquiring an additional 923,507 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

VITL stock opened at $48.58 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms has a 52 week low of $27.91 and a 52 week high of $50.50. The firm’s fifty day moving average is $38.75 and its 200 day moving average is $35.09. The firm has a market cap of $2.17 billion, a P/E ratio of 43.38 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Research analysts predict that Vital Farms will post 1.11 earnings per share for the current 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.