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

Key Points

• Vital Farms' stock reached a new 52-week high of $52.63, closing at $51.70 with a trading volume of 1,037,877 shares.
• Analysts have issued several price targets for Vital Farms, with a consensus rating of "Buy" and an average target price of $48.20.
• The company reported $0.36 EPS for the last quarter, beating expectations and showing a 25.4% increase in quarterly revenue compared to the previous year.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $52.63 and last traded at $51.70, with a volume of 1037877 shares trading hands. The stock had previously closed at $50.94.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a "buy" rating in a report on Friday, August 8th. DA Davidson lifted their price objective on Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 11th. Telsey Advisory Group lifted their price objective on Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Vital Farms currently has a consensus rating of "Buy" and an average target price of $48.20.

Vital Farms Price Performance

The stock has a market cap of $2.31 billion, a P/E ratio of 46.16 and a beta of 0.94. The company has a 50 day simple moving average of $40.23 and a 200 day simple moving average of $35.43. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the transaction, the insider owned 6,858,890 shares of the company's stock, valued at $268,662,721.30. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total value of $461,730.75. Following the transaction, the senior vice president directly owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,105 shares of company stock worth $3,896,696 over the last 90 days. Company insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after purchasing an additional 1,652 shares during the last quarter. US Bancorp DE increased its position in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after purchasing an additional 513 shares during the last quarter. CWM LLC increased its position in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after purchasing an additional 650 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Vital Farms during the 1st quarter worth approximately $112,000. Finally, Assetmark Inc. increased its holdings in shares of Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company's stock worth $121,000 after acquiring an additional 501 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

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.

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