2 weeks Ago By ABMN Staff
Shares of Vital Farms, Inc. ( NASDAQ:VITL – Get Free Report ) have received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.
The average 12 month target price among analysts that have covered the stock in the last year is $34.60. Several research firms have weighed in on VITL.
TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, August 9th. DA Davidson raised their target price on Vital Farms from $28.
00 to $45.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus cut their price target on Vital Farms from $42.
00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Get Our Latest Stock Report on Vital Farms Vital Farms Trading Up 0.
2 % Vital Farms ( NASDAQ:VITL – Get Free Report ) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.
20 by $0.16. Vital Farms had a return on equity of 22.
77% and a net margin of 8.70%. The firm had revenue of $147.
39 million for the quarter, compared to analysts’ expectations of $138.41 million. During the same period in the prior year, the firm earned $0.
15 EPS. The company’s revenue was up 38.5% compared to the same quarter last year.
On average, sell-side analysts predict that Vital Farms will post 1.11 EPS for the current year. Insider Activity In related news, CEO Russell Diez-Canseco sold 44,381 shares of the business’s stock in a transaction that occurred on Friday, July 12th.
The shares were sold at an average price of $43.71, for a total value of $1,939,893.51.
Following the completion of the transaction, the chief executive officer now owns 427,839 shares of the company’s stock, valued at $18,700,842.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link .
In other news, CEO Russell Diez-Canseco sold 44,381 shares of Vital Farms stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.71, for a total value of $1,939,893.
51. Following the transaction, the chief executive officer now owns 427,839 shares of the company’s stock, valued at approximately $18,700,842.69.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, insider Matthew Ohayer sold 10,430 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $44.
51, for a total transaction of $464,239.30. Following the transaction, the insider now owns 7,354,347 shares of the company’s stock, valued at approximately $327,341,984.
97. The disclosure for this sale can be found here . In the last quarter, insiders sold 110,953 shares of company stock worth $4,722,016.
30.20% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several institutional investors have recently modified their holdings of VITL.
1620 Investment Advisors Inc. acquired a new position in Vital Farms in the 2nd quarter worth approximately $42,000. CWM LLC increased its stake in shares of Vital Farms by 162.
9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after acquiring an additional 655 shares during the period. Quarry LP lifted its position in Vital Farms by 180.
4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares during the period. nVerses Capital LLC boosted its holdings in Vital Farms by 66.
7% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after purchasing an additional 800 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Vital Farms during the 2nd quarter worth about $97,000.
98.59% of the stock is currently owned by hedge funds and other institutional investors. About Vital Farms ( Get Free Report 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. See Also Receive News & Ratings for Vital Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Farms and related companies with MarketBeat.
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