Vital Farms (NASDAQ:VITL) Given New $42.00 Price Target at DA Davidson

Vital Farms (NASDAQ:VITL) had its target price decreased by DA Davidson from $44.00 to $42.00 in a report released on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

VITL has been the subject of several other research reports. TD Cowen upped their target price on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Stifel Nicolaus upgraded shares of 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, February 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $52.00 target price on shares of Vital Farms in a report on Thursday. Craig Hallum began coverage on Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Vital Farms in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $43.71.

Vital Farms Price Performance

Shares of VITL stock opened at $30.94 on Friday. Vital Farms has a 52-week low of $21.30 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market cap of $1.37 billion, a PE ratio of 27.63 and a beta of 0.95. The firm’s 50 day moving average price is $37.28 and its two-hundred day moving average price is $35.64.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $165.99 million for the quarter, compared to analyst estimates of $160.32 million. As a group, analysts forecast that Vital Farms will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, insider Joanne Bal sold 28,246 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the transaction, the insider now owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. This trade represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total transaction of $916,560.00. Following the completion of the transaction, the insider now directly owns 7,038,890 shares of the company’s stock, valued at approximately $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,474 shares of company stock valued at $6,171,500. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Vital Farms

Several hedge funds have recently modified their holdings of the stock. Cim LLC grew its holdings in shares of Vital Farms by 80.7% in the 4th quarter. Cim LLC now owns 12,433 shares of the company’s stock valued at $469,000 after acquiring an additional 5,554 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vital Farms by 19.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,695 shares of the company’s stock valued at $3,343,000 after purchasing an additional 14,432 shares in the last quarter. Sapience Investments LLC grew its stake in Vital Farms by 15.2% in the fourth quarter. Sapience Investments LLC now owns 77,698 shares of the company’s stock valued at $2,928,000 after purchasing an additional 10,235 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Vital Farms in the fourth quarter valued at $892,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Vital Farms by 21.4% in the fourth quarter. Nuveen Asset Management LLC now owns 733,952 shares of the company’s stock valued at $27,663,000 after buying an additional 129,621 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.