Vital Farms (NASDAQ:VITL) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research report released on Monday,Benzinga reports. They currently have a $52.00 target price on the stock.

VITL has been the subject of several other research reports. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, February 28th. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. DA Davidson decreased their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a report on Friday, March 14th. William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, Morgan Stanley reduced their price target on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $44.71.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $35.54 on Monday. The firm has a market cap of $1.58 billion, a PE ratio of 31.73 and a beta of 0.94. The firm’s 50-day simple moving average is $32.26 and its 200-day simple moving average is $35.13. 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 1 year low of $27.91 and a 1 year high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $165.99 million for the quarter, compared to analysts’ expectations of $160.32 million. Equities analysts forecast that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $32.68, for a total transaction of $784,320.00. Following the completion of the sale, the insider now directly owns 6,942,890 shares in the company, valued at $226,893,645.20. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock valued at $3,019,308 in the last three months. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Vital Farms

Several large investors have recently added to or reduced their stakes in VITL. Wellington Management Group LLP boosted its stake in Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vital Farms by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company’s stock valued at $84,307,000 after purchasing an additional 87,980 shares during the last quarter. Principal Financial Group Inc. raised its position in Vital Farms by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock worth $36,855,000 after purchasing an additional 37,614 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Vital Farms by 64.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock worth $39,904,000 after buying an additional 415,614 shares in the last quarter. Finally, Emerald Advisers LLC boosted its position in Vital Farms by 13.2% in the 1st quarter. Emerald Advisers LLC now owns 978,197 shares of the company’s stock valued at $29,806,000 after buying an additional 113,874 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

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.