Vital Farms’ (VITL) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Vital Farms (NASDAQ:VITL) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $50.00 price objective on the stock.

A number of other research firms also recently issued reports on VITL. BMO Capital Markets boosted their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Mizuho boosted their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings raised shares of Vital Farms from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $49.80.

Vital Farms Stock Performance

Shares of VITL stock opened at $33.29 on Thursday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 29.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The company has a 50-day simple moving average of $44.12 and a 200 day simple moving average of $39.23. Vital Farms has a 52 week low of $27.91 and a 52 week high of $53.13.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The business had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. Vital Farms’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Vital Farms will post 1.11 earnings per share for the current year.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 9,667 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $44.39, for a total transaction of $429,118.13. Following the completion of the sale, the chief executive officer owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. This represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joanne Bal sold 4,796 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total transaction of $244,356.20. Following the sale, the insider directly owned 43,332 shares of the company’s stock, valued at approximately $2,207,765.40. This trade represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 407,868 shares of company stock worth $20,692,884. Insiders own 21.30% of the company’s stock.

Institutional Trading of Vital Farms

A number of institutional investors and hedge funds have recently made changes to their positions in VITL. American Century Companies Inc. lifted its holdings in shares of Vital Farms by 1,453.0% during the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company’s stock worth $37,888,000 after acquiring an additional 1,163,399 shares during the period. Wasatch Advisors LP lifted its stake in Vital Farms by 80.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock valued at $79,921,000 after purchasing an additional 923,507 shares during the last quarter. Marshall Wace LLP lifted its stake in Vital Farms by 97.4% in the 2nd quarter. Marshall Wace LLP now owns 1,234,008 shares of the company’s stock valued at $47,534,000 after purchasing an additional 608,723 shares during the last quarter. Nuveen LLC bought a new position in Vital Farms in the 1st quarter valued at approximately $17,633,000. Finally, Wellington Management Group LLP lifted its stake in Vital Farms by 17.8% in the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock valued at $87,262,000 after purchasing an additional 432,848 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

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.