Lake Street analyst Ben Klieve maintained a Buy rating on Vital Farms (VITL – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $18.33.
According to TipRanks, Klieve is a 4-star analyst with an average return of 6.8% and a 47.98% success rate. Klieve covers the Consumer Defensive sector, focusing on stocks such as Calavo Growers, MGP Ingredients, and Vital Farms.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vital Farms with a $18.50 average price target.
See the top stocks recommended by analysts >>
Based on Vital Farms’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $110.43 million and a net profit of $4.52 million. In comparison, last year the company earned a revenue of $92.04 million and had a net profit of $723 thousand
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VITL in relation to earlier this year. Most recently, in December 2023, Russell Diez-Canseco, the President & CEO of VITL bought 12,000.00 shares for a total of $17,160.00.
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.
Read More on VITL:
- Is VITL a Buy, Before Earnings?
- GLP-1 users’ grocery spending declines 6%-9% after starting, says Morgan Stanley
- Vital Farms and Its President & CEO Russell Diez-Canseco Honored for Using Business as a “Force for Good” on Big Path Capital’s 2024 MO 100 Top Impact CEO Ranking
- Vital Farms price target raised to $16 from $15 at Stifel
- Vital Farms price target raised to $17 from $14 at TD Cowen
