Vital Farms, Inc. (NASDAQ:VITL) Receives $49.91 Consensus Target Price from Brokerages

Shares of Vital Farms, Inc. (NASDAQ:VITL) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $49.9091.

Several brokerages have weighed in on VITL. Mizuho decreased their price objective on shares of Vital Farms from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. TD Cowen reiterated a “buy” rating on shares of Vital Farms in a research note on Tuesday, January 20th. Benchmark restated a “buy” rating on shares of Vital Farms in a research note on Wednesday, January 14th. Zacks Research downgraded Vital Farms from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Vital Farms in a research report on Friday, January 30th.

Vital Farms Stock Performance

Vital Farms stock opened at $26.15 on Friday. Vital Farms has a 52 week low of $25.52 and a 52 week high of $53.13. The company has a current ratio of 2.65, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.17 billion, a P/E ratio of 19.81 and a beta of 1.10. The stock has a 50 day moving average of $30.32 and a 200-day moving average of $37.26.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 16,734 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.05, for a total transaction of $586,526.70. Following the completion of the sale, the chief executive officer owned 649,684 shares in the company, valued at $22,771,424.20. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Ohayer sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $30.85, for a total transaction of $771,250.00. Following the completion of the transaction, the insider owned 6,361,190 shares in the company, valued at approximately $196,242,711.50. The trade was a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 91,734 shares of company stock valued at $2,921,477. 21.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Farms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Vital Farms during the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake in Vital Farms by 4,382.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Vital Farms in the third quarter worth $55,000. PNC Financial Services Group Inc. increased its position in Vital Farms by 225.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after buying an additional 1,006 shares during the period. Finally, Virtus Advisers LLC bought a new stake in Vital Farms in the third quarter valued at $105,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.