4WEALTH Advisors Inc. Purchases Shares of 49,474 Vital Farms, Inc. $VITL

4WEALTH Advisors Inc. purchased a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 49,474 shares of the company’s stock, valued at approximately $653,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wasatch Advisors LP grew its stake in Vital Farms by 80.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock worth $79,921,000 after buying an additional 923,507 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Vital Farms during the 4th quarter valued at about $25,534,000. Balyasny Asset Management L.P. lifted its position in Vital Farms by 466.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 503,894 shares of the company’s stock worth $16,094,000 after buying an additional 641,394 shares during the last quarter. Divisadero Street Capital Management LP lifted its position in Vital Farms by 131.7% in the 3rd quarter. Divisadero Street Capital Management LP now owns 993,338 shares of the company’s stock worth $40,876,000 after buying an additional 564,711 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Vital Farms by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after buying an additional 530,008 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, Director Glenda J. Flanagan acquired 6,100 shares of Vital Farms stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $8.33 per share, for a total transaction of $50,813.00. Following the acquisition, the director owned 37,498 shares of the company’s stock, valued at $312,358.34. This represents a 19.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Nicholas Pappas purchased 3,500 shares of Vital Farms stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $8.51 per share, with a total value of $29,785.00. Following the transaction, the insider directly owned 85,169 shares in the company, valued at approximately $724,788.19. The trade was a 4.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 38,700 shares of company stock valued at $320,864 in the last quarter. 3.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of recent research reports. TD Cowen lowered shares of Vital Farms from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $16.00 in a report on Wednesday, April 8th. Needham & Company LLC decreased their target price on shares of Vital Farms from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price target (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $16.00 price target (down from $47.00) on shares of Vital Farms in a research report on Monday, May 4th. Finally, William Blair restated a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.08.

Vital Farms Price Performance

VITL stock opened at $12.76 on Friday. The stock has a market capitalization of $546.74 million, a price-to-earnings ratio of 12.27 and a beta of 1.07. The firm’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $18.86. The company has a current ratio of 1.77, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The firm had revenue of $187.16 million for 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 business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, equities analysts predict that Vital Farms, Inc. will post -0.45 earnings per share for the current year.

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.