Vital Farms (NASDAQ:VITL) Trading Down 3.6% – What’s Next?

Vital Farms, Inc. (NASDAQ:VITL)’s share price fell 3.6% during mid-day trading on Monday . The company traded as low as $38.62 and last traded at $38.88. 157,918 shares were traded during trading, a decline of 78% from the average session volume of 721,219 shares. The stock had previously closed at $40.35.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VITL shares. Stifel Nicolaus reduced their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. TD Cowen raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Friday, August 9th. Finally, DA Davidson upped their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.20.

Vital Farms Trading Down 6.1 %

The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.52 billion, a PE ratio of 42.48 and a beta of 0.97. The business’s 50-day simple moving average is $34.12 and its 200-day simple moving average is $35.85.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. Vital Farms’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. As a group, analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $40.07, for a total value of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 30.20% of the stock is currently owned by company insiders.

Institutional Trading of Vital Farms

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new stake in shares of Vital Farms during the 2nd quarter valued at about $42,000. CWM LLC boosted its position in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares in the last quarter. Quarry LP boosted its position in shares of Vital Farms by 180.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after acquiring an additional 830 shares in the last quarter. nVerses Capital LLC lifted its holdings in Vital Farms by 66.7% during the 2nd 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 bought a new position in Vital Farms during the 2nd quarter valued at about $97,000. 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.