Vital Farms (NASDAQ:VITL) Price Target Lowered to $42.00 at DA Davidson

Vital Farms (NASDAQ:VITL - Free Report) had its price target lowered by DA Davidson from $44.00 to $42.00 in a research report sent to investors on Friday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on VITL. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research report on Thursday, March 13th. TD Cowen raised their target price on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Craig Hallum began coverage on Vital Farms in a research report on Friday, December 20th. They set 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of "Buy" and a consensus target price of $43.71.

Vital Farms Stock Down 6.3 %

Shares of VITL traded down $2.00 during trading hours on Friday, reaching $29.59. The stock had a trading volume of 1,036,483 shares, compared to its average volume of 984,299. Vital Farms has a 12 month low of $22.30 and a 12 month high of $48.41. The firm has a 50-day simple moving average of $36.98 and a 200 day simple moving average of $35.69. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.42 and a beta of 0.95.

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Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating 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 analysts' expectations of $160.32 million. Equities research analysts predict that Vital Farms will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction dated Thursday, December 19th. The stock was 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 owns 7,038,890 shares of the company's stock, valued at $268,815,209.10. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joanne Bal sold 28,246 shares of Vital Farms stock in a transaction dated 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 transaction, the insider now directly owns 59,371 shares of the company's stock, valued at $2,677,632.10. The trade was a 32.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,474 shares of company stock valued at $6,171,500 in the last quarter. 27.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Vital Farms

Large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its position in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after acquiring an additional 540 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Vital Farms during the 3rd quarter valued at about $35,000. US Bancorp DE boosted its position in shares of Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter valued at about $59,000. Finally, Mendota Financial Group LLC bought a new stake in Vital Farms in the 4th quarter worth approximately $62,000. Institutional investors 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.