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

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

VITL has been the subject of a number of other research reports. William Blair started coverage on Vital Farms in a report on Wednesday, April 10th. They set an outperform rating for the company. Lake Street Capital boosted their price target on Vital Farms from $26.00 to $32.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. TD Cowen raised their price objective on Vital Farms from $19.00 to $37.00 and gave the company a hold rating in a research report on Friday, May 10th. Finally, DA Davidson boosted their target price on shares of Vital Farms from $28.00 to $45.00 and gave the stock a buy rating in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms has a consensus rating of Moderate Buy and an average price target of $34.80.

Vital Farms Stock Down 2.7 %

Shares of NASDAQ VITL opened at $36.12 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 42.49 and a beta of 0.98. The stock has a 50 day moving average price of $42.18 and a 200 day moving average price of $28.74. Vital Farms has a 52-week low of $10.30 and a 52-week high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. The firm had revenue of $147.93 million during the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. Sell-side analysts expect that Vital Farms will post 0.98 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Stephanie Coon sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 owns 53,450 shares in the company, valued at approximately $2,192,519. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Vital Farms news, CEO Russell Diez-Canseco sold 9,735 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.00, for a total transaction of $292,050.00. Following the transaction, the chief executive officer now owns 403,693 shares in the company, valued at approximately $12,110,790. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephanie Coon sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $41.02, for a total transaction of $205,100.00. Following the transaction, the senior vice president now owns 53,450 shares in the company, valued at approximately $2,192,519. The disclosure for this sale can be found here. Insiders sold a total of 203,056 shares of company stock worth $8,275,393 in the last 90 days. 30.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its stake in shares of Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $49,000 after acquiring an additional 655 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Vital Farms during the second quarter worth $42,000. Price T Rowe Associates Inc. MD boosted its holdings in Vital Farms by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company’s stock worth $617,000 after buying an additional 1,402 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Vital Farms by 30.0% during the first quarter. Lazard Asset Management LLC now owns 14,422 shares of the company’s stock valued at $334,000 after purchasing an additional 3,327 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Vital Farms by 49.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock valued at $160,000 after buying an additional 3,346 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.