Vital Farms (NASDAQ:VITL) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a report published on Tuesday morning,Benzinga reports. The firm currently has a $50.00 price objective on the stock.

Several other equities analysts also recently weighed in on VITL. Cowen restated a “buy” rating on shares of Vital Farms in a report on Thursday, December 18th. DA Davidson set a $47.00 price objective on shares of Vital Farms and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Vital Farms in a research note on Wednesday, December 17th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Vital Farms in a research report on Thursday, December 18th. Finally, BMO Capital Markets cut their price target on Vital Farms from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.91.

Vital Farms Stock Down 0.7%

VITL opened at $30.59 on Tuesday. The business’s fifty day moving average is $32.21 and its two-hundred day moving average is $38.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.65. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 23.17 and a beta of 1.11. Vital Farms has a one year low of $28.87 and a one year high of $53.13.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $191.35 million. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Transactions at Vital Farms

In related news, insider Matthew Ohayer sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $30.85, for a total transaction of $771,250.00. Following the completion of the transaction, the insider owned 6,361,190 shares of the company’s stock, valued at approximately $196,242,711.50. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,734 shares of Vital Farms stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.05, for a total transaction of $586,526.70. Following the completion of the transaction, the chief executive officer owned 649,684 shares in the company, valued at approximately $22,771,424.20. This trade represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 101,734 shares of company stock worth $3,350,177. 21.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Institutional investors have recently bought and sold shares of the business. Campbell Newman Asset Management Inc. increased its position in shares of Vital Farms by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 68,724 shares of the company’s stock worth $2,828,000 after acquiring an additional 291 shares in the last quarter. Granite Investment Partners LLC increased its holdings in Vital Farms by 0.7% in the 3rd quarter. Granite Investment Partners LLC now owns 59,114 shares of the company’s stock valued at $2,433,000 after purchasing an additional 427 shares in the last quarter. Assetmark Inc. increased its holdings in Vital Farms by 18.9% in the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock valued at $121,000 after purchasing an additional 501 shares in the last quarter. Cim LLC raised its position in Vital Farms by 5.6% in the second quarter. Cim LLC now owns 12,551 shares of the company’s stock valued at $483,000 after purchasing an additional 670 shares during the period. Finally, Dakota Wealth Management lifted its stake in shares of Vital Farms by 8.7% during the second quarter. Dakota Wealth Management now owns 8,541 shares of the company’s stock worth $329,000 after purchasing an additional 680 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.