Telsey Advisory Group Reiterates “Outperform” Rating for Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $52.00 price objective on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 62.81% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, February 28th. TD Cowen raised their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. William Blair reissued an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, Craig Hallum initiated coverage on shares of Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.57.

Vital Farms Stock Up 1.1 %

Vital Farms stock opened at $31.94 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The firm has a 50 day moving average price of $37.64 and a 200 day moving average price of $35.70. Vital Farms has a fifty-two week low of $20.86 and a fifty-two week high of $48.41. The company has a market capitalization of $1.41 billion, a PE ratio of 28.52 and a beta of 0.95.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Research analysts expect that Vital Farms will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction 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 completion of the sale, the insider now owns 59,371 shares in the company, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the sale, the insider now owns 7,014,890 shares of the company’s stock, valued at approximately $302,973,099.10. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,474 shares of company stock valued at $6,171,500 over the last quarter. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VITL. Principal Securities Inc. boosted its position in shares of Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock valued at $63,000 after purchasing an additional 380 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Vital Farms by 15.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after buying an additional 475 shares during the period. Lifestyle Asset Management Inc. raised its holdings in shares of Vital Farms by 5.1% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock worth $390,000 after acquiring an additional 499 shares in the last quarter. Stifel Financial Corp increased its holdings in Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock worth $306,000 after buying an additional 518 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock worth $35,000 after acquiring an additional 540 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

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.