Telsey Advisory Group Reiterates “Outperform” Rating for Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $52.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 49.60% from the company’s current price.

Several other equities analysts have also issued reports on VITL. TD Cowen boosted their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus raised their price target on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Craig Hallum assumed coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.57.

Vital Farms Trading Down 1.9 %

NASDAQ VITL opened at $34.76 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms has a 12 month low of $15.20 and a 12 month high of $48.41. The company has a market capitalization of $1.52 billion, a PE ratio of 31.04 and a beta of 0.90. The stock has a 50-day simple moving average of $39.54 and a 200 day simple moving average of $35.66.

Insider Buying and Selling at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total value of $1,684,456.48. Following the completion of the transaction, the chief executive officer now owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now directly owns 7,014,890 shares in the company, valued at $302,973,099.10. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,202 shares of company stock worth $7,855,957. Corporate insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in Vital Farms in the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC grew its stake in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE increased its holdings in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after buying an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Vital Farms during the fourth quarter worth $59,000. Finally, Mendota Financial Group LLC acquired a new stake in Vital Farms in the fourth quarter valued at $62,000. Institutional investors own 98.59% of the company’s stock.

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.