Vital Farms (NASDAQ:VITL) Now Covered by Analysts at Craig Hallum

Equities researchers at Craig Hallum assumed coverage on shares of Vital Farms (NASDAQ:VITL) in a research report issued on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $50.00 price target on the stock. Craig Hallum’s price target suggests a potential upside of 29.07% from the stock’s previous close.

VITL has been the topic of a number of other reports. Jefferies Financial Group dropped their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. TD Cowen dropped their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, DA Davidson lifted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Vital Farms Stock Up 4.1 %

Vital Farms stock opened at $38.74 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 34.59 and a beta of 0.93. 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 stock’s fifty day moving average is $34.84 and its two-hundred day moving average is $36.39. Vital Farms has a 1-year low of $14.16 and a 1-year high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, sell-side analysts expect that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In related news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the completion of the transaction, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,381 shares of company stock worth $4,411,862. 27.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after buying an additional 172,249 shares during the period. Franklin Resources Inc. increased its stake in shares of Vital Farms by 10.2% during the third quarter. Franklin Resources Inc. now owns 372,583 shares of the company’s stock worth $13,066,000 after acquiring an additional 34,412 shares during the period. Geode Capital Management LLC increased its stake in shares of Vital Farms by 4.3% during the third quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after acquiring an additional 31,187 shares during the period. Vestcor Inc purchased a new position in Vital Farms during the third quarter worth about $848,000. Finally, Barclays PLC lifted its position in Vital Farms by 57.3% in the third quarter. Barclays PLC now owns 95,444 shares of the company’s stock valued at $3,347,000 after purchasing an additional 34,758 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

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.