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

Vital Farms (NASDAQ:VITL) had its target price lifted by DA Davidson from $44.00 to $48.00 in a research note published on Thursday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts have also commented on VITL. TD Cowen upgraded Vital Farms from a hold rating to a buy rating and set a $44.00 price objective for the company in a research report on Friday, August 9th. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a hold rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $35.20.

Vital Farms Price Performance

Shares of VITL stock opened at $39.77 on Thursday. The stock has a 50-day moving average price of $33.09 and a 200 day moving average price of $34.98. The company has a quick ratio of 3.03, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 37.52 and a beta of 0.97. Vital Farms has a 12 month low of $10.41 and a 12 month high of $48.41.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $147.39 million during the quarter, compared to analyst estimates of $138.41 million. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The company’s revenue was up 38.5% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Research analysts expect that Vital Farms will post 1.11 EPS for the current year.

Insider Activity

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 transaction, the insider now owns 7,266,777 shares in the company, valued at $287,619,033.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC lifted its holdings in shares of Vital Farms by 9.2% during the 1st quarter. William Blair Investment Management LLC now owns 2,650,008 shares of the company’s stock valued at $61,613,000 after purchasing an additional 224,335 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vital Farms by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after acquiring an additional 152,743 shares in the last quarter. Marshall Wace LLP lifted its stake in Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Vital Farms by 116.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after acquiring an additional 463,471 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after acquiring an additional 331,000 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.