Brokerages Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $40.00

Vital Farms, Inc. (NASDAQ:VITL) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.00.

Separately, Zacks Investment Research cut shares of Vital Farms from a “buy” rating to a “hold” rating in a report on Friday, January 8th.

Shares of NASDAQ VITL traded down $1.40 during midday trading on Tuesday, reaching $28.47. The company had a trading volume of 38,119 shares, compared to its average volume of 603,409. The business’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $31.97. Vital Farms has a 1 year low of $23.78 and a 1 year high of $43.30. The company has a current ratio of 5.60, a quick ratio of 5.15 and a debt-to-equity ratio of 0.05.

In other Vital Farms news, COO Jason Dale sold 25,000 shares of Vital Farms stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $26.98, for a total value of $674,500.00. Following the completion of the transaction, the chief operating officer now owns 20,086 shares of the company’s stock, valued at $541,920.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 14,641 shares of the company’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $24.69, for a total transaction of $361,486.29. Following the completion of the transaction, the chief executive officer now owns 14,641 shares of the company’s stock, valued at approximately $361,486.29. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of VITL. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Vital Farms in the fourth quarter worth about $42,000. Advisory Services Network LLC acquired a new position in shares of Vital Farms in the fourth quarter worth about $52,000. Strs Ohio acquired a new position in shares of Vital Farms in the third quarter worth about $105,000. American International Group Inc. acquired a new position in shares of Vital Farms in the third quarter worth about $249,000. Finally, Citigroup Inc. raised its position in shares of Vital Farms by 1,712.3% in the fourth quarter. Citigroup Inc. now owns 11,182 shares of the company’s stock worth $283,000 after acquiring an additional 10,565 shares during the period. Institutional investors and hedge funds own 31.25% of the company’s stock.

Vital Farms Company Profile

Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. The company was founded in 2007 and is headquartered in Austin, Texas.

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