Vital Farms, Inc. (NASDAQ:VITL - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $50.50 and last traded at $48.58, with a volume of 1498556 shares. The stock had previously closed at $49.40.
Analysts Set New Price Targets
Several brokerages recently weighed in on VITL. Telsey Advisory Group upped their target price on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Mizuho upped their target price on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $48.20.
Read Our Latest Stock Analysis on Vital Farms
Vital Farms Stock Performance
The firm has a market cap of $2.28 billion, a PE ratio of 45.48 and a beta of 0.94. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The firm's 50 day simple moving average is $39.84 and its 200 day simple moving average is $35.35.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The business had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.
Insider Buying and Selling at Vital Farms
In other news, CEO Russell Diez-Canseco sold 16,700 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00. Following the sale, the chief executive officer directly owned 702,476 shares in the company, valued at approximately $32,391,168.36. This represents a 2.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephanie Coon sold 10,005 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the sale, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. This represents a 17.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,905 shares of company stock valued at $3,685,646 over the last quarter. 21.30% of the stock is owned by corporate insiders.
Institutional Trading of Vital Farms
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Vital Farms by 53.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock worth $706,000 after purchasing an additional 8,049 shares during the period. Vontobel Holding Ltd. raised its position in Vital Farms by 6.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock worth $257,000 after purchasing an additional 521 shares during the period. Ameriprise Financial Inc. raised its position in Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock worth $3,188,000 after purchasing an additional 17,017 shares during the period. Benjamin Edwards Inc. purchased a new stake in Vital Farms in the 4th quarter worth about $1,114,000. Finally, Arizona State Retirement System raised its position in Vital Farms by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock worth $287,000 after purchasing an additional 672 shares during the period. 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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