Vital Farms (NASDAQ:VITL) Sets New 1-Year High - What's Next?

Key Points

• Vital Farms' stock has reached a new 52-week high, trading at $47.85, fueled by strong demand and favorable analyst ratings.
• Analysts have provided various price targets for the stock, with the highest at $60.00 from Lake Street Capital, while the average target price stands at $48.20.
• The company reported a 25.4% year-over-year revenue increase in its latest quarterly earnings, with earnings per share exceeding analysts' expectations at $0.36.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $47.85 and last traded at $47.74, with a volume of 1097269 shares trading hands. The stock had previously closed at $46.21.

Wall Street Analyst Weigh In

VITL has been the subject of a number of recent research reports. 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, August 8th. DA Davidson upped their price objective on Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Mizuho upped their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Stifel Nicolaus increased their target price on Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $48.20.

Vital Farms Trading Up 2.8%

The firm has a market cap of $2.19 billion, a P/E ratio of 43.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The stock has a 50 day moving average of $38.07 and a 200 day moving average of $34.96.

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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company's revenue was up 25.4% on a year-over-year basis. As a group, equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 5,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $40.34, for a total transaction of $201,700.00. Following the completion of the sale, the insider directly owned 6,872,070 shares in the company, valued at $277,219,303.80. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 owned 702,476 shares of the company's stock, valued at approximately $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,105 shares of company stock valued at $3,645,398. Corporate insiders own 21.30% of the company's stock.

Institutional Trading of Vital Farms

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in Vital Farms by 20,650.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after buying an additional 1,652 shares during the period. US Bancorp DE lifted its holdings in 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 during the period. CWM LLC lifted its holdings in 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 during the period. Union Bancaire Privee UBP SA purchased a new stake in Vital Farms in the first quarter worth about $112,000. Finally, Assetmark Inc. lifted its holdings in 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 during the period. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.