TD Cowen Issues Positive Forecast for Vital Farms (NASDAQ:VITL) Stock Price

Vital Farms (NASDAQ:VITL) had its target price upped by TD Cowen from $41.00 to $45.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. DA Davidson upped their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group reduced their price target on 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, Craig Hallum assumed coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Vital Farms Stock Up 4.7 %

Vital Farms stock opened at $39.38 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market cap of $1.72 billion, a PE ratio of 35.16 and a beta of 0.88. Vital Farms has a fifty-two week low of $14.16 and a fifty-two week high of $48.41. The firm’s 50-day simple moving average is $34.94 and its 200 day simple moving average is $35.98.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping 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 analysts’ expectations of $145.27 million. During the same period in the previous year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. Research analysts predict that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Activity at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction on 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 owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,381 shares of company stock valued at $5,328,422 in the last 90 days. Corporate insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in shares of Vital Farms in the third quarter worth $16,464,000. Millennium Management LLC boosted its holdings in Vital Farms by 651.3% in the 2nd quarter. Millennium Management LLC now owns 494,153 shares of the company’s stock worth $23,112,000 after buying an additional 428,382 shares during the period. Emerald Advisers LLC increased its stake in Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Vital Farms by 73.0% in the second quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after acquiring an additional 331,000 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in shares of Vital Farms in the third quarter worth about $9,894,000. Hedge funds and other institutional investors own 98.59% 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, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.