Vital Farms (NASDAQ:VITL) Director Glenda Flanagan Acquires 6,100 Shares

Vital Farms, Inc. (NASDAQ:VITL) Director Glenda Flanagan acquired 6,100 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $8.33 per share, with a total value of $50,813.00. Following the acquisition, the director directly owned 37,498 shares of the company’s stock, valued at $312,358.34. The trade was a 19.43% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vital Farms Stock Performance

NASDAQ VITL opened at $9.43 on Thursday. The company has a market capitalization of $404.08 million, a PE ratio of 9.07 and a beta of 1.20. Vital Farms, Inc. has a 52-week low of $7.95 and a 52-week high of $53.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.77. The company has a 50-day simple moving average of $12.74 and a 200 day simple moving average of $23.70.

Vital Farms (NASDAQ:VITL) last issued 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 business had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.Vital Farms’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. On average, research analysts predict that Vital Farms, Inc. will post -0.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VITL. William Blair reiterated a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. TD Cowen lowered shares of Vital Farms from a “buy” rating to a “hold” rating and cut their target price for the stock from $25.00 to $16.00 in a research report on Wednesday, April 8th. DA Davidson reiterated a “neutral” rating and set a $16.00 target price (down from $47.00) on shares of Vital Farms in a research report on Monday, May 4th. Stifel Nicolaus restated a “hold” rating and issued a $10.00 target price (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded Vital Farms from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vital Farms has a consensus rating of “Hold” and a consensus target price of $27.33.

Institutional Investors Weigh In On Vital Farms

Institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in Vital Farms in the fourth quarter valued at approximately $25,000. Quarry LP purchased a new stake in Vital Farms in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC raised its stake in Vital Farms by 4,382.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Vital Farms in the third quarter valued at approximately $55,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

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.