Vital Farms (NASDAQ:VITL) Upgraded to Strong-Buy at BMO Capital Markets

Vital Farms (NASDAQ:VITL - Get Free Report) was upgraded by research analysts at BMO Capital Markets to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on VITL. William Blair reissued an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. DA Davidson lowered their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Morgan Stanley cut their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a report on Friday, February 28th. Finally, TD Cowen boosted their price objective on Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vital Farms has a consensus rating of "Buy" and a consensus price target of $44.63.

Vital Farms Stock Down 0.8 %

NASDAQ VITL opened at $35.73 on Tuesday. Vital Farms has a 12 month low of $27.91 and a 12 month high of $48.41. The company has a market capitalization of $1.59 billion, a P/E ratio of 32.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company's 50 day simple moving average is $32.36 and its 200 day simple moving average is $35.14.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. Equities research analysts expect that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This represents a 6.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $32.68, for a total value of $784,320.00. Following the completion of the transaction, the insider now directly owns 6,942,890 shares in the company, valued at approximately $226,893,645.20. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock worth $3,019,308 over the last 90 days. Insiders own 27.60% of the company's stock.

Hedge Funds Weigh In On Vital Farms

Large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying an additional 540 shares during the last quarter. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms in the 4th quarter worth approximately $59,000. Mendota Financial Group LLC bought a new stake in shares of Vital Farms in the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. lifted its stake in Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares during the last quarter. 98.59% of the stock is currently owned by 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.

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