Vital Farms (NASDAQ:VITL) Trading Up 2.7%

Vital Farms, Inc. (NASDAQ:VITL) shares shot up 2.7% during mid-day trading on Monday . The stock traded as high as $38.75 and last traded at $38.66. 56,300 shares were traded during mid-day trading, a decline of 89% from the average session volume of 501,400 shares. The stock had previously closed at $37.64.

Wall Street Analysts Forecast Growth

VITL has been the subject of several research analyst reports. Lake Street Capital upped their price target on shares of Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus lowered Vital Farms from a “buy” rating to a “hold” rating and increased their target price for the stock from $30.00 to $40.00 in a research report on Friday, May 10th. TD Cowen boosted their price target on Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, May 10th. TheStreet upgraded Vital Farms from a “c” rating to a “b-” rating in a research note on Monday, March 18th. Finally, DA Davidson lifted their price objective on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Farms has an average rating of “Moderate Buy” and an average price target of $34.40.

Vital Farms Trading Down 1.1 %

The stock has a market capitalization of $1.71 billion, a PE ratio of 48.15 and a beta of 0.79. The company has a current ratio of 3.10, a quick ratio of 2.66 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average is $27.26 and its two-hundred day moving average is $19.37.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.20. The company had revenue of $147.93 million during the quarter, compared to the consensus estimate of $139.87 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. On average, analysts predict that Vital Farms, Inc. will post 0.94 earnings per share for the current year.

Insider Buying and Selling at Vital Farms

In related news, Director Karl Khoury sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $21.27, for a total transaction of $85,080.00. Following the completion of the sale, the director now directly owns 155,069 shares of the company’s stock, valued at approximately $3,298,317.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Vital Farms news, CEO Russell Diez-Canseco sold 31,643 shares of Vital Farms stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $20.94, for a total transaction of $662,604.42. Following the sale, the chief executive officer now directly owns 318,931 shares in the company, valued at approximately $6,678,415.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karl Khoury sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $21.27, for a total value of $85,080.00. Following the transaction, the director now owns 155,069 shares of the company’s stock, valued at $3,298,317.63. The disclosure for this sale can be found here. Insiders sold 253,097 shares of company stock valued at $6,086,624 over the last 90 days. 30.20% of the stock is owned by corporate insiders.

Institutional Trading of Vital Farms

A number of hedge funds and other institutional investors have recently made changes to their positions in VITL. Tidal Investments LLC bought a new stake in Vital Farms in the first quarter valued at about $245,000. Price T Rowe Associates Inc. MD grew its position in shares of Vital Farms by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,510 shares of the company’s stock worth $617,000 after acquiring an additional 1,402 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Vital Farms by 30.0% in the 1st quarter. Lazard Asset Management LLC now owns 14,422 shares of the company’s stock valued at $334,000 after acquiring an additional 3,327 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Vital Farms during the 1st quarter valued at approximately $210,000. Finally, Advisors Asset Management Inc. bought a new position in Vital Farms during the first quarter worth $264,000. 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.