Vital Farms (NASDAQ:VITL) Price Target Raised to $42.00 at Stifel Nicolaus

Vital Farms (NASDAQ:VITL) had its price target lifted by Stifel Nicolaus from $40.00 to $42.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also issued reports about the company. TD Cowen boosted their target price on Vital Farms from $19.00 to $37.00 and gave the company a hold rating in a research note on Friday, May 10th. Lake Street Capital boosted their target price on Vital Farms from $26.00 to $32.00 and gave the company a buy rating in a research note on Wednesday, April 24th. William Blair assumed coverage on Vital Farms in a research note on Wednesday, April 10th. They issued an outperform rating on the stock. Finally, DA Davidson boosted their target price on Vital Farms from $28.00 to $45.00 and gave the company a buy rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of Moderate Buy and a consensus price target of $34.80.

Vital Farms Stock Down 2.7 %

Shares of NASDAQ:VITL opened at $36.12 on Tuesday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 42.49 and a beta of 0.98. The company has a quick ratio of 2.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.05. Vital Farms has a 12-month low of $10.30 and a 12-month high of $48.41. The business’s 50 day moving average is $42.18 and its 200 day moving average is $28.74.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The business had revenue of $147.93 million for the quarter, compared to analysts’ expectations of $139.87 million. On average, sell-side analysts forecast that Vital Farms will post 0.98 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 50,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the sale, the insider now directly owns 7,364,777 shares in the company, valued at approximately $307,258,496.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Stephanie Coon sold 5,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $41.02, for a total transaction of $205,100.00. Following the completion of the transaction, the senior vice president now directly owns 53,450 shares in the company, valued at $2,192,519. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00. Following the transaction, the insider now owns 7,364,777 shares of the company’s stock, valued at $307,258,496.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,056 shares of company stock worth $8,275,393. 30.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. purchased a new position in Vital Farms during the second quarter worth about $42,000. CWM LLC boosted its holdings in shares of Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after purchasing an additional 655 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Vital Farms by 211.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock worth $97,000 after purchasing an additional 4,192 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Vital Farms in the 4th quarter worth about $127,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Vital Farms during the 2nd quarter valued at about $417,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.