Vital Farms (NASDAQ:VITL) Reaches New 12-Month High at $45.42

Vital Farms, Inc. (NASDAQ:VITL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $45.42 and last traded at $45.40, with a volume of 40929 shares changing hands. The stock had previously closed at $44.74.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Vital Farms from $19.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, May 10th. TheStreet raised shares of Vital Farms from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Lake Street Capital raised their price objective on shares of Vital Farms from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. William Blair started coverage on shares of Vital Farms in a research report on Wednesday, April 10th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus downgraded shares of Vital Farms from a “buy” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $40.00 in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Vital Farms has a consensus rating of “Moderate Buy” and a consensus target price of $34.40.

Vital Farms Trading Up 1.1 %

The business has a fifty day moving average of $36.86 and a 200-day moving average of $24.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.66 and a current ratio of 3.10. The company has a market capitalization of $1.95 billion, a P/E ratio of 54.38 and a beta of 0.96.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.20. Vital Farms had a return on equity of 19.58% and a net margin of 7.48%. The company had revenue of $147.93 million for the quarter, compared to analysts’ expectations of $139.87 million. Analysts anticipate that Vital Farms, Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 30,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $25.03, for a total transaction of $750,900.00. Following the transaction, the chief executive officer now directly owns 313,178 shares in the company, valued at approximately $7,838,845.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Vital Farms news, CEO Russell Diez-Canseco sold 30,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $25.03, for a total transaction of $750,900.00. Following the transaction, the chief executive officer now directly owns 313,178 shares in the company, valued at approximately $7,838,845.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Stephanie Coon sold 5,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $41.02, for a total value of $205,100.00. Following the transaction, the senior vice president now owns 53,450 shares in the company, valued at $2,192,519. The disclosure for this sale can be found here. Insiders have sold a total of 201,623 shares of company stock worth $7,062,766 in the last ninety days. Corporate insiders own 30.20% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several large investors have recently bought and sold shares of VITL. Tower Research Capital LLC TRC raised its stake in shares of Vital Farms by 211.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,175 shares of the company’s stock worth $97,000 after purchasing an additional 4,192 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Farms during the 4th quarter worth $127,000. Quadrature Capital Ltd bought a new stake in shares of Vital Farms during the 1st quarter worth $210,000. New York State Common Retirement Fund raised its stake in shares of Vital Farms by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock worth $160,000 after purchasing an additional 3,346 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Vital Farms during the 3rd quarter worth $119,000. 98.59% of the stock is currently owned by institutional investors.

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.