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

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

Vital Farms Trading Down 2.4%

NASDAQ:VITL traded down $0.44 during trading hours on Wednesday, hitting $17.62. The company had a trading volume of 2,171,615 shares, compared to its average volume of 1,970,222. Vital Farms, Inc. has a 1 year low of $17.52 and a 1 year high of $53.13. The company 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 50-day moving average of $26.79 and a 200 day moving average of $34.52. The company has a current ratio of 2.16, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VITL. Triumph Capital Management acquired a new stake in shares of Vital Farms during the fourth quarter valued at about $25,000. Quarry LP purchased a new stake in shares of Vital Farms in the 4th quarter valued at approximately $27,000. Exchange Traded Concepts LLC acquired a new position in shares of Vital Farms in the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC boosted its position 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 period. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 purchasing an additional 1,006 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VITL shares. DA Davidson set a $47.00 target price on shares of Vital Farms and gave the company a “buy” rating in a report on Wednesday, December 17th. TD Cowen restated a “buy” rating on shares of Vital Farms in a report on Tuesday, January 20th. Mizuho decreased their price objective on Vital Farms from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Needham & Company LLC lowered their price objective on Vital Farms from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $52.00 price objective on shares of Vital Farms in a research report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vital Farms has an average rating of “Moderate Buy” and a consensus price target 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.