Vital Farms (NASDAQ:VITL) Earns Outperform Rating from Analysts at Telsey Advisory Group

Telsey Advisory Group began coverage on shares of Vital Farms (NASDAQ:VITL) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $52.00 price objective on the stock. Telsey Advisory Group also issued estimates for Vital Farms’ Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $1.12 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.29 EPS, FY2025 earnings at $1.21 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.88 EPS.

A number of other analysts have also commented on the stock. Jefferies Financial Group decreased their price target on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Craig Hallum started coverage on shares of Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 price objective on the stock. TD Cowen raised their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. DA Davidson lifted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus raised their target price on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.57.

Vital Farms Stock Performance

NASDAQ:VITL opened at $44.04 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. Vital Farms has a fifty-two week low of $14.37 and a fifty-two week high of $48.41. The company has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $35.77. The company has a market capitalization of $1.93 billion, a PE ratio of 39.32 and a beta of 0.88.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Research analysts anticipate that Vital Farms will post 1.11 earnings per share for the current year.

Insider Activity

In related news, insider Joanne Bal sold 28,246 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $45.10, for a total value of $1,273,894.60. Following the transaction, the insider now owns 59,371 shares of the company’s stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Kathryn Mckeon sold 12,300 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.08, for a total transaction of $517,584.00. Following the completion of the sale, the chief marketing officer now directly owns 46,203 shares of the company’s stock, valued at approximately $1,944,222.24. This trade represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,202 shares of company stock valued at $7,855,957. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in VITL. Brown Brothers Harriman & Co. acquired a new position in shares of Vital Farms during the third quarter valued at approximately $35,000. Quarry LP lifted its stake in shares of Vital Farms by 180.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares in the last quarter. Mendota Financial Group LLC acquired a new position in Vital Farms during the fourth quarter worth about $62,000. nVerses Capital LLC raised its holdings in Vital Farms by 130.0% in the 3rd quarter. nVerses Capital LLC now owns 4,600 shares of the company’s stock valued at $161,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new position in Vital Farms in the 4th quarter worth approximately $199,000. 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.