Vital Farms (NASDAQ:VITL) Given New $40.00 Price Target at Mizuho

Vital Farms (NASDAQ:VITL) had its price target dropped by equities researchers at Mizuho from $48.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 89.66% from the company’s current price.

Several other research analysts have also commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Vital Farms in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vital Farms in a research note on Monday, December 29th. Zacks Research downgraded Vital Farms from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. TD Cowen restated a “buy” rating on shares of Vital Farms in a report on Tuesday, January 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $52.00 price target on shares of Vital Farms in a research report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.91.

Vital Farms Trading Down 4.6%

Shares of VITL opened at $21.09 on Monday. The company’s fifty day moving average is $28.60 and its 200 day moving average is $35.98. Vital Farms has a fifty-two week low of $19.80 and a fifty-two week high of $53.13. The stock has a market capitalization of $944.83 million, a PE ratio of 14.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 2.16.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). Vital Farms had a net margin of 8.73% and a return on equity of 20.69%. The business had revenue of $213.55 million for the quarter, compared to the consensus estimate of $212.83 million. During the same quarter last year, the business earned $0.23 EPS. Vital Farms’s revenue for the quarter was up 28.6% compared to the same quarter last year. Sell-side analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 16,734 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.05, for a total value of $586,526.70. Following the transaction, the chief executive officer owned 649,684 shares of the company’s stock, valued at $22,771,424.20. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 25,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $30.85, for a total transaction of $771,250.00. Following the completion of the sale, the insider directly owned 6,361,190 shares of the company’s stock, valued at approximately $196,242,711.50. This trade represents a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 66,734 shares of company stock worth $2,092,227. Company insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Triumph Capital Management bought a new stake in shares of Vital Farms in the 4th quarter valued at about $25,000. Quarry LP acquired a new position in shares of Vital Farms during the fourth quarter worth $27,000. Exchange Traded Concepts LLC purchased a new stake in shares of Vital Farms during the 3rd quarter valued at $28,000. Global Retirement Partners LLC grew its stake in Vital Farms by 4,382.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Vital Farms by 225.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after buying an additional 1,006 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.