In a report released today, Brian Holland from D.A. Davidson reiterated a Buy rating on Vital Farms (VITL – Research Report). The company’s shares closed last Friday at $36.41.
According to TipRanks, Holland is a 4-star analyst with an average return of 5.7% and a 55.42% success rate. Holland covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Simply Good Foods, and Kellanova.
Currently, the analyst consensus on Vital Farms is a Moderate Buy with an average price target of $37.83, representing a 3.90% upside. In a report released on May 10, Lake Street also assigned a Buy rating to the stock with a $45.00 price target.
Based on Vital Farms’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $135.81 million and a net profit of $7.21 million. In comparison, last year the company earned a revenue of $110.08 million and had a net profit of $1.87 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VITL in relation to earlier this year. Last month, Russell Diez-Canseco, the President & CEO of VITL bought 34,940.00 shares for a total of $49,964.20.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vital Farms (VITL) Company Description:
Vital Farms Inc is an ethical food company. The company retails pasture-raised eggs and butter. Its products include Pasture-Raised Eggs and Pasture-Raised Butter & Ghee.
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