Vital Farms (NASDAQ:VITL) PT Raised to $30.00

Vital Farms (NASDAQ:VITL) had its price target lifted by investment analysts at Stifel Nicolaus from $22.00 to $30.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 11.11% from the stock’s previous close.

A number of other research analysts also recently issued reports on VITL. TheStreet upgraded shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Lake Street Capital raised their target price on Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, William Blair started coverage on Vital Farms in a report on Wednesday, April 10th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Vital Farms Price Performance

Shares of VITL opened at $27.00 on Friday. The business has a 50-day simple moving average of $22.18 and a two-hundred day simple moving average of $16.67. Vital Farms has a 12-month low of $10.00 and a 12-month high of $27.37. The stock has a market cap of $1.13 billion, a PE ratio of 46.55 and a beta of 0.89. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $135.81 million during the quarter, compared to the consensus estimate of $131.10 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Analysts anticipate that Vital Farms will post 0.77 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $21.27, for a total transaction of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Karl Khoury sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the sale, the director now owns 155,069 shares in the company, valued at approximately $3,298,317.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 27,528 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $15.49, for a total value of $426,408.72. Following the transaction, the chief executive officer now owns 223,568 shares of the company’s stock, valued at approximately $3,463,068.32. The disclosure for this sale can be found here. Insiders have sold 260,125 shares of company stock valued at $5,580,996 over the last quarter. 30.20% of the stock is currently owned by company insiders.

Institutional Trading of Vital Farms

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in Vital Farms by 15.2% during the 3rd quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock worth $184,000 after acquiring an additional 2,094 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Vital Farms by 1.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 165,958 shares of the company’s stock valued at $1,922,000 after acquiring an additional 2,102 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vital Farms by 52.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock valued at $95,000 after acquiring an additional 2,833 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Vital Farms by 24.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,495 shares of the company’s stock worth $191,000 after acquiring an additional 3,270 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Vital Farms by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock worth $160,000 after purchasing an additional 3,346 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Company Profile

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.