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

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.

Vital Farms (NASDAQ:VITL - Get Free Report) had its price target upped by equities research analysts at Stifel Nicolaus from $44.00 to $48.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 5.54% from the company's previous close.

A number of other analysts have also commented on the company. Telsey Advisory Group boosted their price objective on Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets restated an "outperform" rating on shares of Vital Farms in a research note on Friday. Mizuho initiated coverage on Vital Farms in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $45.00 target price on the stock. Finally, Morgan Stanley cut their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vital Farms has an average rating of "Buy" and a consensus target price of $44.89.

Vital Farms Stock Up 3.7%

VITL traded up $1.62 during midday trading on Friday, reaching $45.48. 2,161,559 shares of the company were exchanged, compared to its average volume of 895,316. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. The company's fifty day moving average price is $36.45 and its 200 day moving average price is $34.90. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 40.61 and a beta of 0.94. Vital Farms has a one year low of $27.91 and a one year high of $46.21.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.09. The firm had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. Vital Farms had a return on equity of 19.06% and a net margin of 7.84%. The company's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. As a group, analysts expect that Vital Farms will post 1.11 EPS for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $38.97, for a total transaction of $46,764.00. Following the sale, the chief financial officer owned 56,187 shares in the company, valued at $2,189,607.39. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Ohayer sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00. Following the sale, the insider owned 6,858,890 shares in the company, valued at approximately $268,662,721.30. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,400 shares of company stock worth $2,413,630. 21.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in VITL. Caitong International Asset Management Co. Ltd lifted its position in shares of Vital Farms by 20,650.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after acquiring an additional 1,652 shares in the last quarter. US Bancorp DE raised its position in shares of Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after buying an additional 513 shares in the last quarter. CWM LLC raised its position in shares of Vital Farms by 43.2% in the first quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after buying an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Vital Farms in the first quarter worth $112,000. Finally, Assetmark Inc. raised its position in shares of Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock worth $121,000 after buying an additional 501 shares in the last quarter. Hedge funds and other 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.