Vital Farms (NASDAQ:VITL) Director Acquires $21,000.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) Director Kelly Kennedy acquired 2,500 shares of Vital Farms stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $8.40 per share, with a total value of $21,000.00. Following the purchase, the director directly owned 22,927 shares in the company, valued at approximately $192,586.80. The trade was a 12.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Vital Farms Stock Performance

Shares of NASDAQ VITL traded down $0.20 during trading on Monday, reaching $8.28. 4,192,437 shares of the company traded hands, compared to its average volume of 2,728,813. The firm’s fifty day simple moving average is $13.38 and its 200 day simple moving average is $24.24. The stock has a market cap of $354.80 million, a P/E ratio of 7.96 and a beta of 1.20. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13. 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 (NASDAQ:VITL) last released its quarterly earnings data 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 company had revenue of $187.16 million for the quarter, compared to analysts’ expectations of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, research analysts anticipate that Vital Farms, Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Farms

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

Vital Farms News Roundup

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

• Positive Sentiment: Several insiders bought shares on May 14, including a large purchase by Joseph Michael Holland, along with buys from Peter Nicholas Pappas, CMO Kathryn McKeon, and Director Kelly J. Kennedy. Insider buying can signal confidence from management and directors. Article Title
• Neutral Sentiment: Brokerage coverage was reported as a consensus “Hold,” suggesting Wall Street is not currently strongly bullish or bearish on Vital Farms. Article Title
• Negative Sentiment: A broker note reportedly cut Vital Farms’ price target to $15.50, a sizable reduction that can pressure the stock by signaling weaker expectations for future upside. Article Title
• Negative Sentiment: Multiple law firms issued class-action and securities-fraud lawsuit notices tied to Vital Farms, with deadlines for lead-plaintiff participation. These repeated legal headlines may raise investor concerns about potential liability and uncertainty. Article Title

Analysts Set New Price Targets

Several brokerages recently weighed in on VITL. Stifel Nicolaus restated 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 issued a $16.00 price target (down from $47.00) on shares of Vital Farms in a research note on Monday, May 4th. Morgan Stanley set a $10.00 price target on Vital Farms in a research note on Friday, May 8th. Telsey Advisory Group lowered Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Friday, May 8th. Finally, Zacks Research lowered Vital Farms from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.