Vital Farms (NASDAQ:VITL) Price Target Lowered to $41.00 at Jefferies Financial Group

Vital Farms (NASDAQ:VITL) had its price objective trimmed by Jefferies Financial Group from $45.00 to $41.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on VITL. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen lowered their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, DA Davidson increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.20.

Vital Farms Price Performance

Vital Farms stock opened at $28.50 on Monday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 25.45 and a beta of 0.97. The company’s fifty day moving average price is $34.85 and its 200 day moving average price is $36.64. 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 1 year low of $12.23 and a 1 year high of $48.41.

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

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now owns 7,194,777 shares of the company’s stock, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vital Farms

A number of institutional investors have recently made changes to their positions in VITL. Brown Brothers Harriman & Co. acquired a new position in shares of Vital Farms in the 3rd quarter worth approximately $35,000. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms in the second quarter valued at approximately $42,000. CWM LLC lifted its stake in Vital Farms by 162.9% during the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP boosted its position in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares during the period. Finally, nVerses Capital LLC boosted its position in shares of Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after buying an additional 800 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

About Vital Farms

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.