Vital Farms (NASDAQ:VITL) PT Raised to $32.00

Vital Farms (NASDAQ:VITL) had its price target boosted by analysts at Lake Street Capital from $26.00 to $32.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target points to a potential upside of 20.21% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. TheStreet upgraded Vital Farms from a “c” rating to a “b-” rating in a report on Monday, March 18th. William Blair initiated coverage on Vital Farms in a report on Wednesday, April 10th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus upped their target price on Vital Farms from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Vital Farms Stock Up 1.4 %

VITL traded up $0.37 during mid-day trading on Wednesday, reaching $26.62. 496,581 shares of the stock were exchanged, compared to its average volume of 405,164. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.49 and a current ratio of 3.00. The stock has a market capitalization of $1.11 billion, a PE ratio of 46.55 and a beta of 0.89. The company has a 50 day moving average price of $21.51 and a two-hundred day moving average price of $16.39. Vital Farms has a 1 year low of $10.00 and a 1 year high of $27.37.

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

Insider Transactions at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $25.12, for a total transaction of $502,400.00. Following the completion of the sale, the insider now directly owns 7,442,777 shares of the company’s stock, valued at approximately $186,962,558.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Matthew Ohayer sold 20,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $25.12, for a total transaction of $502,400.00. Following the sale, the insider now owns 7,442,777 shares in the company, valued at $186,962,558.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason Dale sold 14,006 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.03, for a total value of $224,516.18. Following the completion of the transaction, the chief operating officer now directly owns 48,455 shares in the company, valued at $776,733.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,125 shares of company stock valued at $6,083,396. 30.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds have recently bought and sold shares of VITL. William Blair Investment Management LLC raised its holdings in shares of Vital Farms by 25.1% during the third 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 during the last quarter. Schroder Investment Management Group grew 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 worth $6,075,000 after purchasing an additional 231,985 shares in the last quarter. GSA Capital Partners LLP grew 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 worth $2,906,000 after purchasing an additional 220,552 shares in the last quarter. Ranger Investment Management L.P. purchased a new position in shares of Vital Farms during the 4th quarter valued at $3,016,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Vital Farms by 82.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 373,392 shares of the company’s stock valued at $8,681,000 after acquiring an additional 168,296 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.