Vital Farms (NASDAQ:VITL) Director Buys $92,250.00 in Stock

Vital Farms, Inc. (NASDAQ:VITL) Director Karl Khoury acquired 5,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $18.45 per share, for a total transaction of $92,250.00. Following the completion of the acquisition, the director owned 119,789 shares of the company’s stock, valued at $2,210,107.05. This trade represents a 4.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Vital Farms Price Performance

Shares of VITL stock traded down $0.44 during trading hours on Wednesday, hitting $17.62. 2,171,615 shares of the company’s stock were exchanged, compared to its average volume of 1,970,222. Vital Farms, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $53.13. The firm has a market cap of $789.38 million, a P/E ratio of 12.24 and a beta of 1.14. The company has a quick ratio of 1.61, a current ratio of 2.16 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $26.79 and a two-hundred day moving average of $34.52.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $213.55 million during the quarter, compared to analyst estimates of $212.83 million. Vital Farms had a net margin of 8.73% and a return on equity of 20.69%. Vital Farms’s revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Vital Farms

Hedge funds have recently modified their holdings of the business. Triumph Capital Management acquired a new position in Vital Farms during the fourth quarter worth about $25,000. Quarry LP purchased a new position in Vital Farms in the 4th quarter worth approximately $27,000. Exchange Traded Concepts LLC acquired a new position in shares of Vital Farms during the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC boosted its holdings in shares of 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 purchasing an additional 1,008 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position 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 valued at $46,000 after purchasing an additional 1,006 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VITL has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Vital Farms in a research note on Monday, December 29th. Mizuho decreased their price target on shares of Vital Farms from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. DA Davidson set a $47.00 price objective on Vital Farms and gave the stock a “buy” rating in a report on Wednesday, December 17th. Needham & Company LLC cut their price objective on Vital Farms from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $24.00 target price (down from $45.00) on shares of Vital Farms in a report on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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.