Analysts Set Vital Farms, Inc. (NASDAQ:VITL) Target Price at $49.91

Vital Farms, Inc. (NASDAQ:VITL) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.9091.

VITL has been the topic of several recent research reports. Zacks Research lowered Vital Farms from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Morgan Stanley cut their target price on shares of Vital Farms from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Vital Farms in a report on Friday, January 30th. Mizuho cut their price target on shares of Vital Farms from $53.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $50.00 price objective on shares of Vital Farms in a research report on Tuesday, January 13th.

Insider Buying and Selling

In related news, insider Matthew Ohayer sold 25,000 shares of the company’s stock in a transaction that occurred on 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 $196,242,711.50. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,734 shares of Vital Farms 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 approximately $22,771,424.20. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,734 shares of company stock valued at $2,921,477 in the last ninety days. 21.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new position in shares of Vital Farms during the third quarter valued at about $28,000. Global Retirement Partners LLC boosted its position 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 valued at $33,000 after acquiring an additional 1,008 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Vital Farms during the 3rd quarter worth approximately $55,000. PNC Financial Services Group Inc. raised its position in shares of Vital Farms by 225.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Vital Farms in the 3rd quarter valued at approximately $105,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Price Performance

VITL opened at $26.85 on Friday. The firm has a 50-day moving average price of $30.55 and a 200-day moving average price of $37.41. Vital Farms has a twelve month low of $25.52 and a twelve month high of $53.13. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 20.34 and a beta of 1.10.

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.