Vital Farms (NASDAQ:VITL) Shares Gap Up – What’s Next?

Vital Farms, Inc. (NASDAQ:VITL) gapped up prior to trading on Monday . The stock had previously closed at $29.79, but opened at $31.39. Vital Farms shares last traded at $31.35, with a volume of 64,390 shares trading hands.

Wall Street Analyst Weigh In

VITL has been the topic of several analyst reports. DA Davidson reduced their price objective on Vital Farms from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. William Blair reissued an “outperform” rating on shares of Vital Farms in a report on Friday, February 28th. TD Cowen raised their price target on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley began coverage on Vital Farms in a research note on Monday. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $42.00.

Vital Farms Trading Up 3.0 %

The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $36.38 and a 200-day moving average of $35.67. The stock has a market cap of $1.36 billion, a PE ratio of 27.39 and a beta of 0.95.

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

Insider Activity at Vital Farms

In other Vital Farms news, CMO Kathryn Mckeon sold 12,300 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $44.05, for a total value of $541,815.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at approximately $2,035,242.15. The trade was a 21.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now owns 6,970,890 shares of the company’s stock, valued at $205,362,419.40. This trade represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,474 shares of company stock valued at $5,844,140. 27.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock valued at $91,625,000 after acquiring an additional 1,961,550 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vital Farms by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company’s stock worth $84,307,000 after buying an additional 87,980 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock worth $44,172,000 after buying an additional 516,139 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Vital Farms by 64.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock worth $39,904,000 after buying an additional 415,614 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Vital Farms by 10.4% during the 4th quarter. William Blair Investment Management LLC now owns 955,895 shares of the company’s stock worth $36,028,000 after buying an additional 89,772 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.