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

Vital Farms (NASDAQ:VITL) had its target price hoisted by Stifel Nicolaus from $22.00 to $30.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

VITL has been the topic of a number of other reports. Lake Street Capital raised their price objective on Vital Farms from $26.00 to $32.00 and gave the company a buy rating in a research note on Wednesday. TheStreet upgraded Vital Farms from a c rating to a b- rating in a research report on Monday, March 18th. Finally, William Blair assumed coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They issued an outperform rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $23.00.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $27.00 on Friday. The stock’s 50-day moving average is $22.18 and its 200 day moving average is $16.64. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 46.55 and a beta of 0.89. Vital Farms has a 1-year low of $10.00 and a 1-year high of $27.37. The company has a current ratio of 3.00, a quick ratio of 2.49 and a debt-to-equity ratio of 0.05.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The firm had revenue of $135.81 million for the quarter, compared to the consensus estimate of $131.10 million. During the same period last year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that Vital Farms will post 0.77 EPS 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 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 link. In related news, CEO Russell Diez-Canseco sold 27,528 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $15.49, for a total value of $426,408.72. Following the sale, 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 SEC, which is available through the SEC website. Also, COO Jason Dale sold 14,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.03, for a total value of $224,516.18. Following the transaction, the chief operating officer now directly owns 48,455 shares of the company’s stock, valued at approximately $776,733.65. The disclosure for this sale can be found here. Insiders have sold 260,125 shares of company stock worth $5,580,996 over the last 90 days. 30.20% of the stock is owned by company insiders.

Institutional Trading of Vital Farms

Several hedge funds and other institutional investors have recently made changes to their positions in VITL. Rice Hall James & Associates LLC boosted its stake in Vital Farms by 82.1% in the 1st quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock worth $8,681,000 after purchasing an additional 168,296 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Vital Farms during the first quarter valued at approximately $656,000. Ranger Investment Management L.P. bought a new stake in shares of Vital Farms during the fourth quarter valued at approximately $3,016,000. Tower Research Capital LLC TRC raised its holdings in Vital Farms by 211.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock worth $97,000 after acquiring an additional 4,192 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Vital Farms in the 4th quarter valued at approximately $720,000. 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.