Vital Farms, Inc. (NASDAQ:VITL - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $28.93 and last traded at $28.82, with a volume of 78716 shares trading hands. The stock had previously closed at $28.14.
Analysts Set New Price Targets
Several analysts have recently commented on VITL shares. Stifel Nicolaus increased their price target on shares of Vital Farms from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Lake Street Capital upped their price objective on Vital Farms from $26.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. TheStreet upgraded Vital Farms from a "c" rating to a "b-" rating in a report on Monday, March 18th. Finally, William Blair started coverage on Vital Farms in a research report on Wednesday, April 10th. They issued an "outperform" rating for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.00.
Check Out Our Latest Report on VITL
Vital Farms Stock Performance
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 company has a 50 day moving average price of $23.27 and a 200 day moving average price of $17.30. The company has a market capitalization of $1.23 billion, a PE ratio of 50.05 and a beta of 0.79.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Vital Farms had a net margin of 5.42% and a return on equity of 14.22%. The company had revenue of $135.81 million during the quarter, compared to analyst estimates of $131.10 million. During the same period last year, the business earned $0.04 EPS. Equities analysts forecast that Vital Farms, Inc. will post 0.77 EPS for the current year.
Insider Buying and Selling at Vital Farms
In related news, COO Jason Dale sold 14,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 of the company's stock, valued at approximately $776,733.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Russell Diez-Canseco sold 27,528 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $15.49, for a total value of $426,408.72. Following the completion of the sale, the chief executive officer now owns 223,568 shares in the company, valued at $3,463,068.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jason Dale sold 14,006 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 48,455 shares of the company's stock, valued at approximately $776,733.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 260,125 shares of company stock worth $5,580,996. 30.20% of the stock is owned by company insiders.
Institutional Trading of Vital Farms
A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in Vital Farms by 15.2% in the 3rd quarter. Hsbc Holdings PLC now owns 15,905 shares of the company's stock worth $184,000 after purchasing an additional 2,094 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Vital Farms by 1.3% in the third quarter. Los Angeles Capital Management LLC now owns 165,958 shares of the company's stock valued at $1,922,000 after acquiring an additional 2,102 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Vital Farms by 52.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company's stock worth $95,000 after acquiring an additional 2,833 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Vital Farms by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company's stock worth $160,000 after purchasing an additional 3,346 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Vital Farms by 211.4% during 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 in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.
About Vital Farms
(
Get Free Report)
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.
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