Vital Farms, Inc. (NASDAQ:VITL – Get Rating)'s share price shot up 5.2% during trading on Friday . The company traded as high as $14.44 and last traded at $14.44. 6,689 shares were traded during trading, a decline of 98% from the average session volume of 362,422 shares. The stock had previously closed at $13.72.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on VITL shares. Morgan Stanley upgraded Vital Farms from an "equal weight" rating to an "overweight" rating and set a $12.00 price target for the company in a report on Wednesday, July 20th. BMO Capital Markets cut their price target on Vital Farms from $20.00 to $15.00 in a report on Friday, May 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Vital Farms presently has a consensus rating of "Hold" and an average target price of $16.30.
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Vital Farms Stock Performance
The stock has a market cap of $585.79 million, a PE ratio of -90.00 and a beta of 0.77. The stock has a fifty day moving average price of $10.59 and a 200 day moving average price of $11.71.
Hedge Funds Weigh In On Vital Farms
A number of institutional investors and hedge funds have recently modified their holdings of VITL. Janney Montgomery Scott LLC lifted its stake in shares of Vital Farms by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,188 shares of the company's stock worth $324,000 after acquiring an additional 2,344 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Vital Farms during the 4th quarter worth approximately $1,768,000. Northern Trust Corp raised its position in Vital Farms by 2.4% during the 4th quarter. Northern Trust Corp now owns 237,227 shares of the company's stock valued at $4,284,000 after purchasing an additional 5,461 shares in the last quarter. Values First Advisors Inc. raised its position in Vital Farms by 4.8% during the 1st quarter. Values First Advisors Inc. now owns 39,391 shares of the company's stock valued at $487,000 after purchasing an additional 1,809 shares in the last quarter. Finally, Clean Yield Group raised its position in Vital Farms by 3.1% during the 1st quarter. Clean Yield Group now owns 122,477 shares of the company's stock valued at $1,514,000 after purchasing an additional 3,672 shares in the last quarter. Hedge funds and other institutional investors own 73.14% of the company's stock.
Vital Farms Company Profile
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Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.
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