Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $29.91, but opened at $33.15. Vital Farms shares last traded at $38.80, with a volume of 498,915 shares changing hands.
Analyst Ratings Changes
Several research firms have issued reports on VITL. TheStreet raised shares of Vital Farms from a "c" rating to a "b-" rating in a research report on Monday, March 18th. William Blair assumed coverage on shares of Vital Farms in a research note on Wednesday, April 10th. They issued an "outperform" rating for the company. Stifel Nicolaus boosted their price target on Vital Farms from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Finally, Lake Street Capital raised 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Vital Farms currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.
Check Out Our Latest Report on Vital Farms
Vital Farms Trading Up 26.9 %
The business has a fifty day simple moving average of $23.98 and a 200-day simple moving average of $17.64. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 62.09 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 (NASDAQ:VITL - Get Free Report) last issued 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 net margin of 5.42% and a return on equity of 14.22%. The business had revenue of $135.81 million during the quarter, compared to analyst estimates of $131.10 million. During the same quarter last year, the business earned $0.04 EPS. As a group, equities analysts forecast that Vital Farms, Inc. will post 0.77 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Karl Khoury sold 4,000 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $21.27, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $21.27, for a total transaction of $85,080.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. Also, COO Jason Dale sold 14,006 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.03, for a total transaction of $224,516.18. Following the completion of the transaction, the chief operating officer now owns 48,455 shares in the company, valued at approximately $776,733.65. The disclosure for this sale can be found here. Insiders have sold a total of 260,125 shares of company stock valued at $5,580,996 over the last 90 days. 30.20% of the stock is owned by insiders.
Institutional Trading of Vital Farms
A number of institutional investors have recently bought and sold shares of VITL. Tower Research Capital LLC TRC lifted its stake in shares of Vital Farms by 211.4% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vital Farms by 52.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company's stock valued at $95,000 after buying an additional 2,833 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Vital Farms in the fourth quarter valued at approximately $127,000. New York State Common Retirement Fund boosted its holdings 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 buying an additional 3,346 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Vital Farms during the 3rd quarter worth approximately $119,000. Institutional investors own 98.59% of the company's stock.
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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