Vital Farms (NASDAQ:VITL) Price Target Increased to $16.00 by Analysts at The Goldman Sachs Group

Vital Farms (NASDAQ:VITL – Get Rating) had its target price boosted by The Goldman Sachs Group from $14.50 to $16.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

VITL has been the subject of several other research reports. TheStreet upgraded Vital Farms from a d+ rating to a c- rating in a research note on Thursday, December 8th. Morgan Stanley increased their target price on shares of Vital Farms from $17.00 to $19.00 and gave the stock an overweight rating in a research report on Monday, January 30th. Finally, Credit Suisse Group boosted their price target on shares of Vital Farms from $14.50 to $18.00 and gave the company a neutral rating in a research report on Friday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $16.80.

Vital Farms Price Performance

Vital Farms stock opened at $15.31 on Monday. The company has a current ratio of 3.14, a quick ratio of 2.58 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $14.43. Vital Farms has a 12 month low of $7.89 and a 12 month high of $18.18. The company has a market cap of $623.58 million, a price-to-earnings ratio of 765.88 and a beta of 0.75.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its holdings in shares of Vital Farms by 6.7% in the first quarter. Swiss National Bank now owns 38,100 shares of the company’s stock worth $471,000 after buying an additional 2,400 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Vital Farms by 70.1% in the 1st quarter. Bank of New York Mellon Corp now owns 146,342 shares of the company’s stock valued at $1,809,000 after purchasing an additional 60,322 shares during the period. MetLife Investment Management LLC grew its position in shares of Vital Farms by 51.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,443 shares of the company’s stock valued at $179,000 after purchasing an additional 4,886 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Vital Farms by 14.5% in the first quarter. Rhumbline Advisers now owns 23,290 shares of the company’s stock worth $288,000 after purchasing an additional 2,954 shares during the period. Finally, BlackRock Inc. raised its position in shares of Vital Farms by 0.7% in the first quarter. BlackRock Inc. now owns 2,932,077 shares of the company’s stock worth $36,238,000 after buying an additional 21,215 shares in the last quarter. Institutional investors own 62.10% of the company’s stock.

About Vital Farms

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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.