Vital Farms (NASDAQ:VITL) Price Target Raised to $45.00

Vital Farms (NASDAQ:VITL) had its price target boosted by TD Cowen from $41.00 to $45.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

VITL has been the subject of a number of other reports. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. DA Davidson boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Vital Farms Price Performance

VITL stock opened at $40.13 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 35.83 and a beta of 0.88. The company’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $36.01. Vital Farms has a 12-month low of $14.16 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. On average, analysts expect that Vital Farms will post 1.11 earnings per share for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the transaction, the chief executive officer now owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares of the company’s stock, valued at $268,815,209.10. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,381 shares of company stock valued at $5,328,422 over the last 90 days. Insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Vital Farms by 10.7% during the 2nd quarter. Rhumbline Advisers now owns 47,165 shares of the company’s stock worth $2,206,000 after acquiring an additional 4,573 shares during the period. Arizona State Retirement System purchased a new position in shares of Vital Farms in the second quarter worth about $356,000. Quest Partners LLC purchased a new position in shares of Vital Farms in the second quarter worth about $97,000. American Century Companies Inc. raised its position in shares of Vital Farms by 190.8% in the second quarter. American Century Companies Inc. now owns 51,761 shares of the company’s stock valued at $2,421,000 after purchasing an additional 33,960 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Vital Farms in the 2nd quarter worth approximately $1,937,000. 98.59% of the stock is currently owned by 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.