Vital Farms (NASDAQ:VITL) Sees Strong Trading Volume – Here’s Why

by · The Cerbat Gem

Vital Farms, Inc. (NASDAQ:VITL – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 650,534 shares traded hands during trading, a decline of 12% from the previous session’s volume of 739,367 shares.The stock last traded at $36.49 and had previously closed at $38.31.

Analysts Set New Price Targets

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

View Our Latest Research Report on Vital Farms

Vital Farms Price Performance

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 stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 42.48 and a beta of 0.97. The company’s 50 day moving average is $34.12 and its 200 day moving average is $35.85.

Vital Farms (NASDAQ:VITL – Get Free Report) last posted its 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. The business had revenue of $147.39 million during the quarter, compared to the consensus estimate of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The business’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. Research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares of the company’s stock, valued at $21,531,574.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 30.20% of the company’s stock.

Institutional Trading of Vital Farms

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in shares of Vital Farms by 8.6% during the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after acquiring an additional 323 shares during the period. CWM LLC grew its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares during the last quarter. nVerses Capital LLC increased its position in shares of 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 buying an additional 800 shares in the last quarter. Quarry LP boosted its position in shares of Vital Farms by 180.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Vital Farms in the second quarter valued at about $42,000. 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.

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