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

Vital Farms (NASDAQ:VITL - Get Free Report) had its price target increased by equities researchers at Stifel Nicolaus from $44.00 to $48.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 6.34% from the company's current price.

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

Read Our Latest Analysis on VITL

Vital Farms Trading Up 2.9%

• Vital Farms Rides the Pasture-Raised Egg Trend to the Bank

Vital Farms stock traded up $1.28 during mid-day trading on Friday, hitting $45.14. 734,640 shares of the company's stock were exchanged, compared to its average volume of 979,799. The company's 50 day simple moving average is $36.19 and its 200-day simple moving average is $34.95. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.01 billion, a P/E ratio of 40.25 and a beta of 0.94. Vital Farms has a fifty-two week low of $27.91 and a fifty-two week high of $46.21.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The business had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. During the same quarter in the previous year, the business posted $0.36 EPS. Vital Farms's revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts anticipate that Vital Farms will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Vital Farms

• Vital Farm’s Earnings: More than Sunny Side Up

In other news, insider Matthew Ohayer sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the completion of the transaction, the insider directly owned 6,858,890 shares in the company, valued at approximately $268,662,721.30. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thilo Wrede sold 1,200 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 56,187 shares of the company's stock, valued at $2,189,607.39. This represents a 2.09% 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. Corporate insiders own 21.30% of the company's stock.

Institutional Trading of Vital Farms

A number of institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Vital Farms by 20,650.0% in the 1st 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 Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the last quarter. CWM LLC boosted its position in Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after acquiring an additional 650 shares in the last quarter. Assetmark Inc. increased its stake in shares of Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock valued at $121,000 after purchasing an additional 501 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in Vital Farms by 15.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after purchasing an additional 475 shares in the last quarter. 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.

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