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

Vital Farms (NASDAQ:VITL) had its price target hoisted by research analysts at Stifel Nicolaus from $22.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 12.07% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. William Blair started coverage on shares of Vital Farms in a research report on Wednesday, April 10th. They set an “outperform” rating for the company. Finally, Lake Street Capital increased their price target on shares of Vital Farms from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Vital Farms Stock Performance

VITL traded up $0.33 during midday trading on Friday, reaching $26.77. The company had a trading volume of 101,016 shares, compared to its average volume of 405,288. The stock has a market cap of $1.12 billion, a PE ratio of 46.00 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. The business has a 50-day moving average price of $21.96 and a two-hundred day moving average price of $16.53. Vital Farms has a 12-month low of $10.00 and a 12-month high of $27.37.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $135.81 million for the quarter, compared to analyst estimates of $131.10 million. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, sell-side analysts expect that Vital Farms will post 0.77 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 27,528 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $15.49, for a total transaction of $426,408.72. Following the completion of the sale, the chief executive officer now directly owns 223,568 shares in the company, valued at approximately $3,463,068.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 directly owns 223,568 shares in the company, valued at $3,463,068.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Matthew Ohayer sold 16,000 shares of Vital Farms stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $22.95, for a total transaction of $367,200.00. Following the completion of the sale, the chairman now owns 7,466,777 shares of the company’s stock, valued at $171,362,532.15. The disclosure for this sale can be found here. Insiders sold a total of 260,125 shares of company stock valued at $5,580,996 in the last three months. Company insiders own 30.20% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC lifted its holdings in Vital Farms by 25.1% during the third quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock valued at $23,884,000 after purchasing an additional 413,475 shares in the last quarter. Schroder Investment Management Group increased its position in Vital Farms by 79.3% during the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock valued at $6,075,000 after acquiring an additional 231,985 shares during the last quarter. GSA Capital Partners LLP increased its position in Vital Farms by 725.5% during the third quarter. GSA Capital Partners LLP now owns 250,953 shares of the company’s stock valued at $2,906,000 after acquiring an additional 220,552 shares during the last quarter. Ranger Investment Management L.P. bought a new position in Vital Farms during the fourth quarter valued at $3,016,000. Finally, Rice Hall James & Associates LLC increased its position in Vital Farms by 82.1% during the first quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock valued at $8,681,000 after acquiring an additional 168,296 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.