Vital Farms (NASDAQ:VITL) Given New $32.00 Price Target at Lake Street Capital

Vital Farms (NASDAQ:VITL) had its price target lifted by Lake Street Capital from $26.00 to $32.00 in a report published on Wednesday, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

VITL has been the topic of a number of other research reports. William Blair began coverage on Vital Farms in a research report on Wednesday, April 10th. They issued an outperform rating on the stock. Stifel Nicolaus lifted their price target on Vital Farms from $15.00 to $16.00 and gave the company a buy rating in a research note on Thursday, January 25th. Finally, TheStreet raised Vital Farms from a c rating to a b- rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $20.20.

Vital Farms Stock Performance

Vital Farms stock opened at $26.64 on Wednesday. Vital Farms has a 12-month low of $10.00 and a 12-month high of $27.37. The company has a quick ratio of 2.49, a current ratio of 3.00 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $16.46. The stock has a market cap of $1.11 billion, a PE ratio of 45.93 and a beta of 0.89.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, March 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Vital Farms had a return on equity of 14.22% and a net margin of 5.42%. The firm had revenue of $135.81 million for the quarter, compared to analysts’ expectations of $131.10 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. As a group, analysts expect that Vital Farms will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Karl Khoury sold 4,000 shares of Vital Farms stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $21.27, for a total value of $85,080.00. Following the transaction, the director now directly owns 155,069 shares of the company’s stock, valued at $3,298,317.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Vital Farms news, Director Karl Khoury sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $21.27, for a total value of $85,080.00. Following the transaction, the director now directly owns 155,069 shares of the company’s stock, valued at $3,298,317.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 36,948 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $25.07, for a total value of $926,286.36. Following the completion of the transaction, the chief executive officer now directly owns 368,753 shares in the company, valued at $9,244,637.71. The disclosure for this sale can be found here. Insiders have sold a total of 260,125 shares of company stock valued at $5,580,996 over the last ninety days. 30.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vital Farms

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its holdings in shares of Vital Farms by 221.0% during the third quarter. Acadian Asset Management LLC now owns 176,608 shares of the company’s stock valued at $2,043,000 after acquiring an additional 121,596 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vital Farms by 52.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,196 shares of the company’s stock valued at $95,000 after acquiring an additional 2,833 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Vital Farms by 79.3% during the third quarter. Schroder Investment Management Group now owns 524,598 shares of the company’s stock valued at $6,075,000 after acquiring an additional 231,985 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Vital Farms during the third quarter valued at approximately $821,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Vital Farms by 15.2% during the third quarter. Hsbc Holdings PLC now owns 15,905 shares of the company’s stock valued at $184,000 after acquiring an additional 2,094 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

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.