DA Davidson Increases Vital Farms (NASDAQ:VITL) Price Target to $45.00

Vital Farms (NASDAQ:VITL - Get Free Report) had its price objective hoisted by stock analysts at DA Davidson from $28.00 to $45.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 26.40% from the stock's current price.

Several other research firms have also commented on VITL. William Blair initiated coverage on shares of Vital Farms in a report on Wednesday, April 10th. They issued an "outperform" rating for the company. TheStreet raised Vital Farms from a "c" rating to a "b-" rating in a report on Monday, March 18th. Lake Street Capital boosted 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. Stifel Nicolaus lowered Vital Farms from a "buy" rating to a "hold" rating and increased their target price for the stock from $30.00 to $40.00 in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Vital Farms from $19.00 to $37.00 and gave the company a "hold" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.40.

Vital Farms Stock Down 2.2 %

Shares of NASDAQ VITL traded down $0.81 during midday trading on Monday, reaching $35.60. 1,452,017 shares of the company's stock were exchanged, compared to its average volume of 491,445. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. Vital Farms has a 52-week low of $10.00 and a 52-week high of $39.25. The business's fifty day moving average price is $24.74 and its two-hundred day moving average price is $18.06. The stock has a market capitalization of $1.50 billion, a PE ratio of 41.87 and a beta of 0.79.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.20. Vital Farms had a net margin of 7.48% and a return on equity of 19.58%. The business had revenue of $147.93 million during the quarter, compared to the consensus estimate of $139.87 million. Analysts forecast that Vital Farms will post 0.81 EPS for the current year.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.15, for a total value of $132,600.00. Following the transaction, the insider now owns 7,438,777 shares of the company's stock, valued at $246,595,457.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Russell Diez-Canseco sold 9,735 shares of the company's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $30.00, for a total transaction of $292,050.00. Following the transaction, the chief executive officer now directly owns 403,693 shares of the company's stock, valued at $12,110,790. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 4,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $33.15, for a total value of $132,600.00. Following the completion of the sale, the insider now directly owns 7,438,777 shares of the company's stock, valued at $246,595,457.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,332 shares of company stock worth $5,579,237. Corporate insiders own 30.20% of the company's stock.

Hedge Funds Weigh In On Vital Farms

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vital Farms by 52.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company's stock valued at $95,000 after purchasing an additional 2,833 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Vital Farms by 211.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company's stock worth $97,000 after buying an additional 4,192 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vital Farms in the 3rd quarter valued at $119,000. DekaBank Deutsche Girozentrale acquired a new position in Vital Farms during the 4th quarter worth $127,000. Finally, New York State Common Retirement Fund boosted its holdings in Vital Farms by 49.0% during the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company's stock valued at $160,000 after acquiring an additional 3,346 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Company Profile

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.