William Blair analyst Jon Andersen has maintained their bullish stance on VITL stock, giving a Buy rating on November 21.
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Jon Andersen’s rating is based on Vital Farms’ strong execution and fulfillment of financial commitments throughout the year. The company has shown robust consumer demand, which is reflected in its velocity growth, as well as an expansion in retailer assortments and distribution.
Andersen believes that Vital Farms’ trusted brand and unique capabilities position it well for significant growth, with the potential to become a $1 billion brand by 2027. This optimistic outlook is underpinned by the company’s strategic priorities and long-term financial goals, which are expected to be discussed in detail at the upcoming Investor Day.
In another report released on November 21, Jefferies also maintained a Buy rating on the stock with a $52.00 price target.
Based on the recent corporate insider activity of 93 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.