Vital Farms (NASDAQ:VITL) Price Target Cut to $41.00 by Analysts at Jefferies Financial Group

Vital Farms (NASDAQ:VITL) had its price target reduced by Jefferies Financial Group from $45.00 to $41.00 in a report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. DA Davidson upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen dropped their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Stifel Nicolaus lowered their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Vital Farms Trading Up 0.2 %

Vital Farms stock opened at $28.50 on Monday. The stock has a 50-day simple moving average of $34.89 and a 200 day simple moving average of $36.69. The stock has a market capitalization of $1.25 billion, a P/E ratio of 25.45 and a beta of 0.97. 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 $11.98 and a 52 week high of $48.41.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $145.27 million. During the same quarter in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. Analysts expect that Vital Farms will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the completion of the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. bought a new position in Vital Farms during the 3rd quarter worth $35,000. 1620 Investment Advisors Inc. bought a new stake in Vital Farms in the second quarter valued at approximately $42,000. CWM LLC boosted its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. Quarry LP increased its position in Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares during the period. Finally, nVerses Capital LLC raised its holdings in Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

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.