TD Cowen Raises Vital Farms (NASDAQ:VITL) Price Target to $45.00

Vital Farms (NASDAQ:VITL) had its target price raised by TD Cowen from $41.00 to $45.00 in a report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other brokerages also recently commented on VITL. Craig Hallum began coverage on shares of Vital Farms in a research note on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. DA Davidson increased their price objective on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Vital Farms Trading Up 4.7 %

Shares of VITL stock opened at $39.38 on Wednesday. The company has a market cap of $1.72 billion, a PE ratio of 35.16 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The stock’s 50 day simple moving average is $34.94 and its two-hundred day simple moving average is $35.98. Vital Farms has a 1 year low of $14.16 and a 1 year high of $48.41.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s revenue was up 31.3% compared to the same quarter last year. Research analysts predict that Vital Farms will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the company’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 in the company, valued at approximately $268,815,209.10. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the sale, the chief executive officer now owns 613,797 shares in the company, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,381 shares of company stock valued at $5,328,422. 27.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

A number of hedge funds have recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in shares of Vital Farms by 29.7% in the second quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after acquiring an additional 214,839 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Vital Farms by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock worth $36,675,000 after purchasing an additional 331,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vital Farms by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock worth $26,296,000 after purchasing an additional 31,187 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock worth $24,775,000 after buying an additional 364,837 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Vital Farms by 35.6% in the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after buying an additional 172,249 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.