Vital Farms (NASDAQ:VITL) Insider Joseph Michael Holland Buys 12,484 Shares

Vital Farms, Inc. (NASDAQ:VITL) insider Joseph Michael Holland bought 12,484 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $8.00 per share, for a total transaction of $99,872.00. Following the acquisition, the insider owned 38,150 shares in the company, valued at $305,200. The trade was a 48.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vital Farms Stock Down 2.4%

VITL opened at $8.28 on Tuesday. The firm’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $24.05. 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 twelve month low of $7.95 and a twelve month high of $53.13. The firm has a market cap of $354.80 million, a price-to-earnings ratio of 7.96 and a beta of 1.20.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The firm had revenue of $187.16 million during the quarter, compared to the consensus estimate of $182.40 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts anticipate that Vital Farms, Inc. will post -0.45 EPS for the current fiscal year.

Key Vital Farms News

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

• Positive Sentiment: Several insiders bought shares, including an executive, a director, and the CMO, signaling internal confidence at recent prices.
• Neutral Sentiment: Brokerage coverage remains lukewarm, with the stock reportedly carrying a consensus “Hold” rating. Vital Farms, Inc. (NASDAQ:VITL) Given Consensus Recommendation of “Hold” by Brokerages
• Neutral Sentiment: Analysts also lowered their price target, reflecting weaker sentiment around the company’s outlook. Vital Farms (VITL) price target decreased by 44.93% to 15.50
• Negative Sentiment: Multiple law firms, including Rosen, Schall, Berger Montague, Faruqi & Faruqi, and others, are actively promoting a securities-fraud class action against Vital Farms, increasing litigation risk and uncertainty. Rosen Law Firm lead plaintiff deadline reminder

Institutional Investors Weigh In On Vital Farms

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new stake in Vital Farms in the 4th quarter valued at about $25,000. Quarry LP acquired a new position in Vital Farms during the 4th quarter valued at about $27,000. Global Retirement Partners LLC lifted its position in Vital Farms by 4,382.6% during the 4th 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 during the period. PNC Financial Services Group Inc. lifted its position in Vital Farms by 225.6% during the 4th 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 during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Vital Farms during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VITL. Telsey Advisory Group lowered shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Friday, May 8th. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price target (down from $34.00) on shares of Vital Farms in a research report on Friday, May 8th. Benchmark lowered shares of Vital Farms from a “buy” rating to a “hold” rating in a report on Thursday, February 26th. William Blair restated a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Finally, Morgan Stanley set a $10.00 price objective on shares of Vital Farms in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.33.

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.