Entropy Technologies LP Purchases Shares of 40,240 Vital Farms, Inc. $VITL

Entropy Technologies LP acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,240 shares of the company’s stock, valued at approximately $568,000. Entropy Technologies LP owned approximately 0.09% of Vital Farms as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Triumph Capital Management bought a new stake in Vital Farms during the 4th quarter valued at approximately $25,000. Quarry LP purchased a new stake in Vital Farms during the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC raised its position in shares of Vital Farms by 4,382.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after buying an additional 1,008 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vital Farms by 225.6% in the fourth 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 bought a new position in shares of Vital Farms during the third quarter worth $55,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Vital Farms from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Mizuho set a $20.00 price objective on Vital Farms in a research report on Monday, May 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 target price (down from $34.00) on shares of Vital Farms in a report on Friday, May 8th. Telsey Advisory Group downgraded Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Friday, May 8th. Finally, TD Cowen lowered Vital Farms from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $16.00 in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.08.

Vital Farms Trading Down 1.0%

Shares of VITL opened at $13.68 on Thursday. The stock has a market capitalization of $586.19 million, a PE ratio of 13.15 and a beta of 1.07. The company’s fifty day moving average is $11.54 and its 200 day moving average is $16.35. 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 fifty-two week low of $7.95 and a fifty-two week high of $53.13.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. Vital Farms’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. Sell-side analysts expect that Vital Farms, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In related news, insider Joseph Michael Holland acquired 12,484 shares of Vital Farms stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $8.00 per share, with a total value of $99,872.00. Following the completion of the purchase, the insider directly owned 38,150 shares of the company’s stock, valued at $305,200. The trade was a 48.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Glenda J. Flanagan acquired 6,100 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $8.33 per share, for a total transaction of $50,813.00. Following the completion of the transaction, the director owned 37,498 shares of the company’s stock, valued at approximately $312,358.34. This trade represents a 19.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 38,700 shares of company stock worth $320,864 in the last 90 days. 3.90% of the stock is currently owned by insiders.

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.