Vital Farms, Inc. (NASDAQ:VITL) Receives Average Rating of “Moderate Buy” from Brokerages

Vital Farms, Inc. (NASDAQ:VITL) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.57.

A number of equities research analysts have recently weighed in on VITL shares. Stifel Nicolaus boosted their target price on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Telsey Advisory Group restated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research report on Tuesday. Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Jefferies Financial Group cut their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, TD Cowen raised their price objective 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.

Vital Farms Stock Performance

VITL stock opened at $34.77 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of 31.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a 50 day moving average price of $39.37 and a 200 day moving average price of $35.65. Vital Farms has a fifty-two week low of $16.01 and a fifty-two week high of $48.41.

Insider Transactions at Vital Farms

In other news, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the transaction, the insider now owns 59,371 shares in the company, valued at $2,677,632.10. The trade was a 32.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction dated 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 transaction, the chief executive officer now owns 613,797 shares in the company, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,202 shares of company stock valued at $7,855,957 over the last three months. 27.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after acquiring an additional 1,961,550 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vital Farms by 78.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after purchasing an additional 516,139 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Vital Farms by 64.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock valued at $39,904,000 after purchasing an additional 415,614 shares in the last quarter. Emerald Advisers LLC lifted 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 valued at $24,775,000 after acquiring an additional 364,837 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in Vital Farms by 96.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company’s stock valued at $23,696,000 after acquiring an additional 308,425 shares in the last quarter. 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.