Vital Farms (NASDAQ:VITL) Coverage Initiated by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Vital Farms (NASDAQ:VITL) in a report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $13.00 target price on the stock.

Separately, TheStreet raised Vital Farms from a d rating to a c rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $17.43.

Vital Farms Stock Performance

Shares of VITL opened at $10.38 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.51 and a current ratio of 3.32. The stock has a 50 day moving average price of $11.54 and a two-hundred day moving average price of $13.29. The firm has a market capitalization of $428.05 million, a P/E ratio of 28.05 and a beta of 0.59. Vital Farms has a 52 week low of $10.00 and a 52 week high of $18.18.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.09. The company had revenue of $106.45 million during the quarter, compared to analyst estimates of $104.89 million. Vital Farms had a return on equity of 10.01% and a net margin of 3.84%. Equities analysts forecast that Vital Farms will post 0.41 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In related news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.42, for a total value of $137,040.00. Following the transaction, the chairman now owns 7,746,777 shares in the company, valued at $88,468,193.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Matthew Ohayer sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.42, for a total value of $137,040.00. Following the transaction, the chairman now owns 7,746,777 shares in the company, valued at $88,468,193.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 26,720 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $11.34, for a total value of $303,004.80. Following the sale, the chief executive officer now owns 192,294 shares in the company, valued at approximately $2,180,613.96. The disclosure for this sale can be found here. 30.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in shares of Vital Farms by 21.6% during the second quarter. California State Teachers Retirement System now owns 35,250 shares of the company’s stock worth $423,000 after acquiring an additional 6,253 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Vital Farms by 21.6% during the second quarter. Osaic Holdings Inc. now owns 8,925 shares of the company’s stock worth $107,000 after acquiring an additional 1,586 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Vital Farms by 3.6% in the second quarter. Alliancebernstein L.P. now owns 2,569,484 shares of the company’s stock worth $30,808,000 after purchasing an additional 89,772 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Vital Farms by 119.2% in the second quarter. Wells Fargo & Company MN now owns 12,812 shares of the company’s stock worth $154,000 after purchasing an additional 6,968 shares during the period. Finally, XTX Topco Ltd increased its holdings in shares of Vital Farms by 29.4% in the second quarter. XTX Topco Ltd now owns 34,750 shares of the company’s stock worth $417,000 after purchasing an additional 7,891 shares during the period. Hedge funds and other institutional investors own 64.21% of the company’s stock.

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, ghee, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.