Vital Farms (NASDAQ:VITL) Price Target Increased to $48.00 by Analysts at DA Davidson

Vital Farms (NASDAQ:VITL) had its price target increased by DA Davidson from $44.00 to $48.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. TD Cowen upgraded Vital Farms from a hold rating to a buy rating and set a $44.00 price objective for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their target price on shares of Vital Farms from $42.00 to $34.00 and set a hold rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Vital Farms presently has an average rating of Moderate Buy and a consensus price target of $35.20.

Vital Farms Price Performance

Shares of Vital Farms stock opened at $39.77 on Thursday. The firm has a market cap of $1.71 billion, a P/E ratio of 37.52 and a beta of 0.97. The firm’s 50-day simple moving average is $33.09 and its 200-day simple moving average is $35.07. Vital Farms has a twelve month low of $10.41 and a twelve month high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.03 and a current ratio of 3.50.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 38.5% on a year-over-year basis. As a group, research analysts expect that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $39.58, for a total value of $949,920.00. Following the completion of the sale, the insider now owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Vital Farms during the 1st quarter worth approximately $656,000. Anchor Capital Management Company LLC acquired a new position in shares of Vital Farms in the 1st quarter valued at $2,325,000. Principal Financial Group Inc. lifted its stake in shares of Vital Farms by 19.4% in the 1st quarter. Principal Financial Group Inc. now owns 477,826 shares of the company’s stock valued at $11,109,000 after purchasing an additional 77,710 shares during the period. GSA Capital Partners LLP boosted its position in shares of Vital Farms by 10.4% in the 1st quarter. GSA Capital Partners LLP now owns 136,958 shares of the company’s stock worth $3,184,000 after purchasing an additional 12,851 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Vital Farms during the first quarter worth $660,000. 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.