Vital Farms’ (VITL) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $52.00 price target on the stock.

Several other research analysts have also issued reports on VITL. Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Craig Hallum initiated coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 price target on the stock. TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus increased their price target on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Vital Farms presently has an average rating of “Moderate Buy” and a consensus price target of $44.57.

Vital Farms Stock Down 1.7 %

Shares of Vital Farms stock opened at $34.77 on Tuesday. Vital Farms has a one year low of $16.01 and a one year high of $48.41. 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 50-day moving average is $39.37 and its 200 day moving average is $35.65. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 31.04 and a beta of 0.90.

Insider Activity

In related news, CEO Russell Diez-Canseco sold 44,728 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the sale, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joanne Bal sold 28,246 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the sale, the insider now directly owns 59,371 shares of the company’s stock, valued at $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock worth $7,855,957 over the last 90 days. 27.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Vital Farms

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its position in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after acquiring an additional 540 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Vital Farms during the third quarter valued at approximately $35,000. US Bancorp DE increased its position in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company’s stock valued at $53,000 after acquiring an additional 872 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Vital Farms during the fourth quarter valued at approximately $59,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Vital Farms during the fourth quarter valued at approximately $62,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.