Vital Farms (NASDAQ:VITL) Hits New 1-Year High at $47.50

Vital Farms, Inc. (NASDAQ:VITL)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $47.50 and last traded at $47.50, with a volume of 3713 shares. The stock had previously closed at $46.77.

Wall Street Analysts Forecast Growth

VITL has been the topic of several analyst reports. TD Cowen boosted their target price on Vital Farms from $19.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Stifel Nicolaus cut Vital Farms from a “buy” rating to a “hold” rating and boosted their price target for the stock from $30.00 to $40.00 in a research note on Friday, May 10th. William Blair started coverage on Vital Farms in a research report on Wednesday, April 10th. They set an “outperform” rating for the company. TheStreet upgraded Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Finally, DA Davidson upped their price objective on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Vital Farms Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.10 and a quick ratio of 2.66. The business has a 50-day simple moving average of $37.67 and a 200 day simple moving average of $25.14. The firm has a market cap of $2.00 billion, a PE ratio of 55.02 and a beta of 0.98.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. The business had revenue of $147.93 million during the quarter, compared to analysts’ expectations of $139.87 million. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. Equities research analysts forecast that Vital Farms, Inc. will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other Vital Farms news, insider Joanne Bal sold 9,800 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $35.11, for a total value of $344,078.00. Following the completion of the sale, the insider now owns 61,198 shares in the company, valued at $2,148,661.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Matthew Ohayer sold 10,430 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $44.51, for a total transaction of $464,239.30. Following the completion of the transaction, the insider now directly owns 7,354,347 shares of the company’s stock, valued at $327,341,984.97. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joanne Bal sold 9,800 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $35.11, for a total value of $344,078.00. Following the transaction, the insider now directly owns 61,198 shares of the company’s stock, valued at $2,148,661.78. The disclosure for this sale can be found here. Insiders sold a total of 201,623 shares of company stock worth $7,062,766 over the last quarter. 30.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently modified their holdings of VITL. Hsbc Holdings PLC lifted its stake in shares of Vital Farms by 15.2% in the 3rd quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after purchasing an additional 2,094 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Vital Farms in the third quarter worth approximately $119,000. Trexquant Investment LP raised its holdings in shares of Vital Farms by 96.1% in the third quarter. Trexquant Investment LP now owns 105,216 shares of the company’s stock worth $1,218,000 after buying an additional 51,561 shares during the period. Schroder Investment Management Group raised its holdings in shares of Vital Farms by 79.3% in the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock worth $6,075,000 after buying an additional 231,985 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Vital Farms by 725.5% in the third quarter. GSA Capital Partners LLP now owns 250,953 shares of the company’s stock worth $2,906,000 after buying an additional 220,552 shares during the period. 98.59% of the stock is 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.