Lake Street Capital Increases Vital Farms (NASDAQ:VITL) Price Target to $32.00

Vital Farms (NASDAQ:VITL) had its target price boosted by research analysts at Lake Street Capital from $26.00 to $32.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price objective points to a potential upside of 21.03% from the company’s current price.

Several other research analysts have also weighed in on the company. Stifel Nicolaus boosted their price target on Vital Farms from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TheStreet raised Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Finally, William Blair began coverage on Vital Farms in a research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.20.

Vital Farms Stock Down 0.8 %

Shares of Vital Farms stock opened at $26.44 on Wednesday. The business’s 50 day simple moving average is $21.96 and its 200 day simple moving average is $16.53. Vital Farms has a 52-week low of $10.00 and a 52-week high of $27.37. The firm has a market cap of $1.11 billion, a PE ratio of 45.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.49 and a current ratio of 3.00.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $135.81 million for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.04 EPS. On average, analysts predict that Vital Farms will post 0.77 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 27,528 shares of Vital Farms stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $15.49, for a total transaction of $426,408.72. Following the completion of the transaction, the chief executive officer now directly owns 223,568 shares in the company, valued at approximately $3,463,068.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jason Dale sold 14,006 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.03, for a total value of $224,516.18. Following the completion of the sale, the chief operating officer now directly owns 48,455 shares in the company, valued at approximately $776,733.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the chief executive officer now owns 223,568 shares of the company’s stock, valued at $3,463,068.32. The disclosure for this sale can be found here. In the last three months, insiders sold 260,125 shares of company stock worth $5,580,996. 30.20% of the stock is owned by company insiders.

Institutional Trading of Vital Farms

Several institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its stake in Vital Farms by 82.1% in the 1st quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock valued at $8,681,000 after purchasing an additional 168,296 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Vital Farms in the 1st quarter valued at $656,000. Ranger Investment Management L.P. bought a new stake in Vital Farms in the 4th quarter valued at $3,016,000. Tower Research Capital LLC TRC boosted its stake in Vital Farms by 211.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock valued at $97,000 after purchasing an additional 4,192 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Vital Farms during the 4th quarter valued at $720,000. 98.59% of the stock is currently owned by institutional investors.

About Vital Farms

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.