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Stifel Nicolaus Increases Vital Farms (NASDAQ:VITL) Price Target to $48.00

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Key Points

  • The price target for **Vital Farms** has been raised from **$44.00 to $48.00** by **Stifel Nicolaus**, indicating a potential upside of **6.34%** from its current price.
  • Want stock alerts on Vital Farms? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vital Farms (NASDAQ:VITL - Get Free Report) had its target price hoisted by equities research analysts at Stifel Nicolaus from $44.00 to $48.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 3.87% from the stock's previous close.

Several other analysts have also issued reports on the stock. Morgan Stanley reduced their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Telsey Advisory Group raised their price target on Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday. Finally, Mizuho started coverage on Vital Farms in a research report on Tuesday, July 8th. They set an "outperform" rating and a $45.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $48.20.

Check Out Our Latest Report on VITL

Vital Farms Price Performance

Shares of Vital Farms stock traded up $0.06 during trading on Friday, reaching $46.21. The company's stock had a trading volume of 1,191,194 shares, compared to its average volume of 995,595. Vital Farms has a one year low of $27.91 and a one year high of $46.40. 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 stock has a 50-day moving average price of $36.75 and a two-hundred day moving average price of $34.85. The stock has a market capitalization of $2.07 billion, a P/E ratio of 41.26 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%. The business's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, sell-side analysts anticipate that Vital Farms will post 1.11 EPS for the current fiscal year.

Insider Activity at Vital Farms

In other Vital Farms news, CFO Thilo Wrede sold 1,200 shares of Vital Farms stock in a transaction on Friday, July 11th. The shares were sold at an average price of $38.97, for a total value of $46,764.00. Following the transaction, the chief financial officer directly owned 56,187 shares of the company's stock, valued at approximately $2,189,607.39. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 5,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $40.34, for a total transaction of $201,700.00. Following the transaction, the insider owned 6,872,070 shares of the company's stock, valued at $277,219,303.80. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,400 shares of company stock valued at $2,413,630 in the last ninety days. Insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd increased its stake in shares of Vital Farms by 309.6% during the 2nd quarter. XTX Topco Ltd now owns 30,350 shares of the company's stock worth $1,169,000 after purchasing an additional 22,940 shares in the last quarter. American Century Companies Inc. raised its position in shares of Vital Farms by 35.7% in the second quarter. American Century Companies Inc. now owns 1,687,869 shares of the company's stock valued at $65,017,000 after buying an additional 444,402 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Vital Farms by 100.3% during the second quarter. Segall Bryant & Hamill LLC now owns 305,645 shares of the company's stock worth $11,773,000 after buying an additional 153,065 shares during the period. Rhumbline Advisers grew its holdings in Vital Farms by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 61,422 shares of the company's stock valued at $2,366,000 after purchasing an additional 14,105 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Vital Farms by 12.9% in the second quarter. Legal & General Group Plc now owns 39,132 shares of the company's stock worth $1,507,000 after acquiring an additional 4,457 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Vital Farms Company Profile

(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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