Vital Farms (NASDAQ:VITL) Director Purchases $24,690.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) Director Denny Marie Post purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $8.23 per share, with a total value of $24,690.00. Following the transaction, the director directly owned 19,312 shares in the company, valued at $158,937.76. This trade represents a 18.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vital Farms Trading Down 0.4%

Shares of NASDAQ:VITL traded down $0.03 during midday trading on Friday, reaching $8.48. The company had a trading volume of 4,424,303 shares, compared to its average volume of 2,712,646. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.77. Vital Farms, Inc. has a 1-year low of $7.95 and a 1-year high of $53.13. The firm has a market cap of $363.37 million, a price-to-earnings ratio of 8.15 and a beta of 1.20. The company has a fifty day simple moving average of $13.61 and a two-hundred day simple moving average of $24.44.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $187.16 million during the quarter, compared to analysts’ expectations of $182.40 million. Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Research analysts predict that Vital Farms, Inc. will post -0.45 earnings per share for the current year.

Trending Headlines about Vital Farms

Here are the key news stories impacting Vital Farms this week:

• Neutral Sentiment: Several law firms issued reminders about the upcoming May 26 lead-plaintiff deadline in the Vital Farms securities class action, keeping legal risk in focus for shareholders.
• Negative Sentiment: The repeated class-action notices may pressure Vital Farms shares by highlighting alleged securities-law violations and extending uncertainty around the company’s outlook.
• Negative Sentiment: Investor attention remains on the company’s recent earnings miss, which likely compounds the negative reaction to the litigation headlines.

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of Vital Farms during the 4th quarter worth about $25,000. Quarry LP bought a new position in shares of Vital Farms in the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC raised its stake in shares of Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after acquiring an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Vital Farms by 225.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Vital Farms in the 3rd quarter valued at approximately $55,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VITL has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Monday. Benchmark downgraded Vital Farms from a “buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings downgraded Vital Farms from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $10.00 price objective on Vital Farms in a research note on Friday, May 8th. Finally, William Blair reissued a “market perform” rating on shares of Vital Farms in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.33.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.