Vital Farms (NASDAQ:VITL) PT Raised to $32.00

Vital Farms (NASDAQ:VITL) had its price objective raised by Lake Street Capital from $26.00 to $32.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on VITL. Stifel Nicolaus upped their target price on Vital Farms from $15.00 to $16.00 and gave the company a buy rating in a report on Thursday, January 25th. William Blair initiated coverage on Vital Farms in a research note on Wednesday, April 10th. They issued an outperform rating on the stock. Finally, TheStreet raised Vital Farms from a c rating to a b- rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $23.00.

Vital Farms Stock Performance

Shares of VITL stock opened at $27.00 on Wednesday. The business’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $16.64. Vital Farms has a one year low of $10.00 and a one year high of $27.37. The stock has a market capitalization of $1.13 billion, a PE ratio of 46.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.00 and a quick ratio of 2.49.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. The business had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. During the same period in the prior year, the business posted $0.04 earnings per share. As a group, research analysts forecast that Vital Farms will post 0.77 earnings per share for the current year.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 27,528 shares of the company’s 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 transaction, the chief executive officer now directly owns 223,568 shares of the company’s stock, valued at $3,463,068.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Matthew Ohayer sold 100,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $21.38, for a total value of $2,138,000.00. Following the completion of the sale, the chairman now directly owns 7,582,777 shares of the company’s stock, valued at approximately $162,119,772.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell Diez-Canseco sold 27,528 shares of the 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 directly owns 223,568 shares of the company’s stock, valued at $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 ninety days. 30.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Farms

A number of institutional investors and hedge funds have recently bought and sold shares of VITL. Hsbc Holdings PLC grew its stake in Vital Farms by 15.2% in the 3rd quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after purchasing an additional 2,094 shares during the period. Los Angeles Capital Management LLC grew its stake in Vital Farms by 1.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 165,958 shares of the company’s stock valued at $1,922,000 after purchasing an additional 2,102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 purchasing an additional 2,833 shares during the period. Harbor Capital Advisors Inc. grew its stake in Vital Farms by 24.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,495 shares of the company’s stock valued at $191,000 after purchasing an additional 3,270 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Vital Farms by 49.0% in the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock valued at $160,000 after purchasing an additional 3,346 shares during the period. 98.59% of the stock is 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.