Vital Farms, Inc. (NASDAQ:VITL) Receives $49.80 Consensus PT from Analysts

Vital Farms, Inc. (NASDAQ:VITL) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $49.80.

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Stifel Nicolaus lifted their price target on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Cowen restated a “buy” rating on shares of Vital Farms in a report on Thursday, September 18th. BMO Capital Markets boosted their price objective on Vital Farms from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Finally, Telsey Advisory Group boosted their price objective on Vital Farms from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 8th.

Insider Transactions at Vital Farms

In other news, 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 sale, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 9,667 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $44.39, for a total value of $429,118.13. Following the sale, the chief executive officer owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 412,868 shares of company stock worth $20,894,584. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in shares of Vital Farms by 53.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock valued at $706,000 after buying an additional 8,049 shares in the last quarter. Inspire Investing LLC raised its position in shares of Vital Farms by 248.4% in the first quarter. Inspire Investing LLC now owns 37,460 shares of the company’s stock valued at $1,141,000 after buying an additional 26,708 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Vital Farms by 6.6% in the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock valued at $257,000 after buying an additional 521 shares in the last quarter. Arizona State Retirement System raised its position in shares of Vital Farms by 7.7% in the first 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 in the last quarter. Finally, Nexpoint Asset Management L.P. acquired a new stake in shares of Vital Farms in the first quarter valued at approximately $558,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Trading Down 0.6%

Vital Farms stock opened at $43.40 on Friday. Vital Farms has a 52 week low of $27.91 and a 52 week high of $53.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The stock has a market capitalization of $1.94 billion, a P/E ratio of 38.75 and a beta of 0.92. The stock has a 50-day simple moving average of $46.04 and a 200 day simple moving average of $38.58.

Vital Farms (NASDAQ:VITL) last posted 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 business had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $170.28 million. During the same quarter last year, the company posted $0.36 earnings per share. Vital Farms’s quarterly revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Analysts expect that Vital Farms will post 1.11 earnings per share for the current year.

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.