Vital Farms (NASDAQ:VITL) Price Target Raised to $32.00

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

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus increased their price objective on Vital Farms from $15.00 to $16.00 and gave the stock a buy rating in a report on Thursday, January 25th. William Blair began coverage on Vital Farms in a report on Wednesday, April 10th. They issued an outperform rating for the company. Finally, TheStreet upgraded Vital Farms from a c rating to a b- rating in a report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Vital Farms presently has an average rating of Moderate Buy and an average target price of $23.00.

Vital Farms Trading Up 2.1 %

Shares of VITL stock opened at $27.00 on Wednesday. The stock has a market capitalization of $1.13 billion, a PE 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 business has a 50-day moving average of $22.18 and a 200 day moving average of $16.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.00 and a quick ratio of 2.49.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. The company had revenue of $135.81 million during the quarter, compared to analysts’ expectations of $131.10 million. During the same period in the prior year, the business posted $0.04 EPS. As a group, sell-side analysts anticipate that Vital Farms will post 0.77 earnings per share for the current year.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 36,948 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.07, for a total value of $926,286.36. Following the completion of the transaction, the chief executive officer now owns 368,753 shares in the company, valued at approximately $9,244,637.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Russell Diez-Canseco sold 36,948 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 368,753 shares of the company’s stock, valued at approximately $9,244,637.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Matthew Ohayer sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $22.95, for a total value of $367,200.00. Following the transaction, the chairman now directly owns 7,466,777 shares of the company’s stock, valued at approximately $171,362,532.15. The disclosure for this sale can be found here. Insiders sold a total of 260,125 shares of company stock worth $5,580,996 in the last quarter. 30.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VITL. William Blair Investment Management LLC increased its position in Vital Farms by 25.1% during the 3rd quarter. William Blair Investment Management LLC now owns 2,062,551 shares of the company’s stock valued at $23,884,000 after buying an additional 413,475 shares in the last quarter. Schroder Investment Management Group increased its position in Vital Farms by 79.3% during the 3rd quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock valued at $6,075,000 after buying an additional 231,985 shares in the last quarter. GSA Capital Partners LLP increased its position in Vital Farms by 725.5% during the 3rd quarter. GSA Capital Partners LLP now owns 250,953 shares of the company’s stock valued at $2,906,000 after buying an additional 220,552 shares in the last quarter. Ranger Investment Management L.P. bought a new position in Vital Farms during the 4th quarter valued at approximately $3,016,000. Finally, Rice Hall James & Associates LLC increased its holdings in shares of 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. Institutional investors own 98.59% of the company’s stock.

About Vital Farms

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.