Vital Farms (NASDAQ:VITL) Price Target Raised to $48.00 at DA Davidson

by · The Cerbat Gem

Vital Farms (NASDAQ:VITL – Free Report) had its price objective upped by DA Davidson from $44.00 to $48.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their price target on shares of Vital Farms from $42.00 to $34.00 and set a hold rating on the stock in a research report on Friday, August 9th. TD Cowen raised Vital Farms from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Vital Farms has a consensus rating of Moderate Buy and an average target price of $35.20.

View Our Latest Research Report on Vital Farms

Vital Farms Price Performance

VITL stock opened at $38.73 on Thursday. The firm has a 50 day moving average of $32.99 and a 200-day moving average of $34.78. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 36.54 and a beta of 0.97. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04. Vital Farms has a 12-month low of $10.41 and a 12-month high of $48.41.

Vital Farms (NASDAQ:VITL – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same quarter last year, the business earned $0.15 earnings per share. Vital Farms’s revenue was up 38.5% compared to the same quarter last year. As a group, equities analysts expect that Vital Farms will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $39.58, for a total transaction of $949,920.00. Following the sale, the insider now directly owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vital Farms

A number of hedge funds have recently bought and sold shares of VITL. Van ECK Associates Corp increased its position in shares of Vital Farms by 8.6% in the 2nd quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock worth $192,000 after purchasing an additional 323 shares during the last quarter. CWM LLC increased its holdings in Vital Farms by 162.9% in the second quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after buying an additional 655 shares during the last quarter. nVerses Capital LLC raised its stake in Vital Farms by 66.7% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after buying an additional 800 shares in the last quarter. Quarry LP raised its stake in Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $60,000 after buying an additional 830 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Vital Farms during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Company Profile

(Get Free Report)

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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