Telsey Advisory Group Begins Coverage on Vital Farms (NASDAQ:VITL)

Telsey Advisory Group started coverage on shares of Vital Farms (NASDAQ:VITL) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $52.00 price target on the stock.

A number of other analysts have also recently commented on the company. DA Davidson upped their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Craig Hallum started coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen lifted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.57.

Vital Farms Trading Down 1.8 %

VITL opened at $42.37 on Monday. Vital Farms has a fifty-two week low of $14.37 and a fifty-two week high of $48.41. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 37.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a 50 day simple moving average of $37.89 and a 200 day simple moving average of $35.72.

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 company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the prior year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts anticipate that Vital Farms will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 7,038,890 shares of the company’s stock, valued at $268,815,209.10. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 44,728 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now directly owns 613,797 shares in the company, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,202 shares of company stock valued at $7,855,957. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms during the 3rd quarter worth approximately $35,000. Quarry LP increased its holdings in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the last quarter. Mendota Financial Group LLC bought a new stake in Vital Farms during the fourth quarter worth $62,000. nVerses Capital LLC raised its position in Vital Farms by 130.0% during the third quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock worth $161,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in Vital Farms in the third quarter valued at $200,000. 98.59% of the stock is owned by institutional investors and hedge funds.

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.