Vital Farms (NASDAQ:VITL) Price Target Increased to $32.00 by Analysts at Lake Street Capital

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

VITL has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on shares of Vital Farms from $15.00 to $16.00 and gave the stock a buy rating in a research report on Thursday, January 25th. TheStreet raised Vital Farms from a c rating to a b- rating in a report on Monday, March 18th. Finally, William Blair assumed coverage on Vital Farms in a research report on Wednesday, April 10th. They set an outperform rating on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Vital Farms currently has an average rating of Moderate Buy and a consensus price target of $23.00.

Vital Farms Stock Up 2.1 %

VITL stock opened at $27.00 on Wednesday. The stock has a market cap of $1.13 billion, a P/E ratio of 46.55 and a beta of 0.89. 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 has a twelve month low of $10.00 and a twelve month high of $27.37. The company’s 50 day moving average is $22.18 and its two-hundred day moving average is $16.67.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $135.81 million for the quarter, compared to the consensus estimate of $131.10 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. During the same quarter last year, the business posted $0.04 EPS. Research analysts expect that Vital Farms will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Farms news, Chairman Matthew Ohayer sold 100,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.38, for a total value of $2,138,000.00. Following the completion of the transaction, the chairman now directly owns 7,582,777 shares of the company’s stock, valued at $162,119,772.26. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Matthew Ohayer sold 100,000 shares of the firm’s 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 transaction, the chairman now owns 7,582,777 shares in the company, valued at $162,119,772.26. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Russell Diez-Canseco sold 36,948 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $25.07, for a total transaction of $926,286.36. Following the completion of the sale, the chief executive officer now owns 368,753 shares in the company, valued at $9,244,637.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 260,125 shares of company stock valued at $5,580,996. Corporate insiders own 30.20% of the company’s stock.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the business. Rice Hall James & Associates LLC increased its position in Vital Farms by 82.1% during the first quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock worth $8,681,000 after buying an additional 168,296 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Vital Farms during the first quarter valued at $656,000. Ranger Investment Management L.P. purchased a new stake in Vital Farms during the 4th quarter worth about $3,016,000. Tower Research Capital LLC TRC raised its stake 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 valued at $97,000 after purchasing an additional 4,192 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Vital Farms in the 4th quarter valued at about $720,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.