Kofi Owusu Amoo-Gottfried Purchases 2,375 Shares of Vital Farms (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) Director Kofi Owusu Amoo-Gottfried purchased 2,375 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $8.45 per share, for a total transaction of $20,068.75. Following the acquisition, the director owned 31,061 shares of the company’s stock, valued at approximately $262,465.45. The trade was a 8.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vital Farms Trading Up 2.8%

Shares of VITL stock opened at $9.43 on Thursday. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13. The company has a quick ratio of 1.00, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $12.74 and its two-hundred day moving average is $23.70. The company has a market cap of $404.08 million, a PE ratio of 9.07 and a beta of 1.20.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The company had revenue of $187.16 million for the quarter, compared to analyst estimates of $182.40 million. During the same quarter last year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts predict that Vital Farms, Inc. will post -0.45 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Mizuho set a $20.00 price target on Vital Farms in a report on Monday, May 4th. Needham & Company LLC lowered their price objective on shares of Vital Farms from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Vital Farms from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, April 29th. TD Cowen downgraded 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 research note on Wednesday, April 8th. Finally, Benchmark downgraded shares of Vital Farms from a “buy” rating to a “hold” rating in a research note on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.33.

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. acquired a new stake in shares of Vital Farms in the fourth quarter worth $3,442,000. Divisadero Street Capital Management LP lifted its position in Vital Farms by 131.7% in the third quarter. Divisadero Street Capital Management LP now owns 993,338 shares of the company’s stock worth $40,876,000 after purchasing an additional 564,711 shares during the period. Principal Financial Group Inc. lifted its position in Vital Farms by 23.1% in the third quarter. Principal Financial Group Inc. now owns 1,377,681 shares of the company’s stock worth $56,692,000 after purchasing an additional 258,092 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Vital Farms in the third quarter worth $1,728,000. Finally, Citigroup Inc. lifted its position in Vital Farms by 554.1% in the third quarter. Citigroup Inc. now owns 95,258 shares of the company’s stock worth $3,920,000 after purchasing an additional 80,694 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

More Vital Farms News

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

• Positive Sentiment: Multiple insiders bought shares recently, including directors Kelly Kennedy and Kofi Owusu Amoo-Gottfried and insider Stephanie Coon, suggesting management may believe Vital Farms is undervalued at current levels.
• Positive Sentiment: Director Glenda J. Flanagan also disclosed a share purchase, adding to the recent pattern of insider confidence in Vital Farms (NASDAQ: VITL).
• Neutral Sentiment: Analysts remain cautious overall, with consensus still around Hold and several recent target-price cuts signaling a more conservative outlook for the stock.
• Negative Sentiment: Robbins LLP, Levi & Korsinsky, Rosen, Pomerantz, Berger Montague, Faruqi & Faruqi, and others continue to promote a securities class action against Vital Farms, with a lead-plaintiff deadline on May 26, which may weigh on investor sentiment.

About Vital Farms

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.