Vital Farms (NASDAQ:VITL) Price Target Increased to $37.00 by Analysts at TD Cowen

Vital Farms (NASDAQ:VITL - Get Free Report) had its price target raised by investment analysts at TD Cowen from $19.00 to $37.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's price objective would indicate a potential upside of 1.62% from the stock's previous close.

Several other research firms have also commented on VITL. TheStreet upgraded Vital Farms from a "c" rating to a "b-" rating in a research note on Monday, March 18th. William Blair initiated coverage on shares of Vital Farms in a report on Wednesday, April 10th. They set an "outperform" rating on the stock. Lake Street Capital increased their price objective on Vital Farms from $26.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus downgraded shares of Vital Farms from a "buy" rating to a "hold" rating and boosted their target price for the stock from $30.00 to $40.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.60.

Vital Farms Price Performance

Vital Farms stock traded down $1.56 during midday trading on Friday, hitting $36.41. 1,786,290 shares of the company's stock were exchanged, compared to its average volume of 480,888. The company has a market cap of $1.53 billion, a P/E ratio of 62.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.49 and a current ratio of 3.00. Vital Farms has a 52-week low of $10.00 and a 52-week high of $39.25. The stock has a 50-day moving average price of $24.38 and a two-hundred day moving average price of $17.78.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.20. The business had revenue of $147.93 million during the quarter, compared to analyst estimates of $139.87 million. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. On average, equities research analysts forecast that Vital Farms will post 0.77 earnings per share for the current year.

Insider Activity

In other Vital Farms news, Director Karl Khoury sold 4,000 shares of Vital Farms stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the sale, the director now owns 155,069 shares in the company, valued at approximately $3,298,317.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $21.27, for a total value of $85,080.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Also, Chairman Matthew Ohayer sold 100,000 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $21.38, for a total transaction of $2,138,000.00. Following the completion of the sale, the chairman now directly owns 7,582,777 shares of the company's stock, valued at approximately $162,119,772.26. The disclosure for this sale can be found here. Insiders sold a total of 269,860 shares of company stock valued at $5,873,046 over the last 90 days. Insiders own 30.20% of the company's stock.

Institutional Trading of Vital Farms

Hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC grew its holdings in Vital Farms by 9.2% in the 1st quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company's stock worth $61,613,000 after buying an additional 224,335 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Vital Farms by 116.1% in the first quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company's stock worth $20,056,000 after purchasing an additional 463,471 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Vital Farms by 79.3% during the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company's stock valued at $6,075,000 after purchasing an additional 231,985 shares during the period. Principal Financial Group Inc. raised its stake in shares of Vital Farms by 19.4% during the first quarter. Principal Financial Group Inc. now owns 477,826 shares of the company's stock valued at $11,109,000 after purchasing an additional 77,710 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in Vital Farms by 82.1% in the first 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 during the period. 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.

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