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

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. DA Davidson boosted 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. Finally, Stifel Nicolaus dropped 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Vital Farms currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Vital Farms Price Performance

The company’s fifty day moving average price is $34.12 and its two-hundred day moving average price is $35.85. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 42.48 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The business had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 30.20% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several large investors have recently modified their holdings of the stock. 1620 Investment Advisors Inc. acquired a new stake in Vital Farms during the second quarter worth about $42,000. CWM LLC boosted its stake in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares in the last quarter. Quarry LP boosted its stake in shares of Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Vital Farms by 66.7% in 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 in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Vital Farms in the 2nd quarter valued at approximately $97,000. 98.59% of the stock is owned by institutional investors.

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.