Key Points
- Insider buying: Vital Farms insider Stephanie Coon bought 5,895 shares at an average price of $8.42, increasing her ownership by 10.45% to 62,314 shares. The purchase was disclosed in an SEC filing.
- Recent earnings were mixed: The company reported a quarterly loss of $0.03 per share, missing expectations, even though revenue rose 15.4% year over year to $187.16 million and topped estimates.
- Wall Street remains cautious: Analyst sentiment is still centered on a Hold rating, with several firms cutting price targets recently and a consensus target price of $27.33.
Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) Director Kofi Owusu Amoo-Gottfried purchased 2,375 shares of the firm's stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $8.45 per share, with a total value of $20,068.75. Following the completion of the purchase, the director owned 31,061 shares in the company, valued at $262,465.45. This represents a 8.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vital Farms Stock Up 10.7%
VITL opened at $9.17 on Wednesday. The stock's fifty day moving average is $12.93 and its 200-day moving average is $23.87. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $53.13. The company has a market capitalization of $392.93 million, a PE ratio of 8.82 and a beta of 1.20. 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 (NASDAQ:VITL - Get Free Report) last issued 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 return on equity of 14.47% and a net margin of 6.10%.The business had revenue of $187.16 million during the quarter, compared to the consensus estimate of $182.40 million. During the same quarter last year, the firm posted $0.37 earnings per share. Vital Farms's revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Vital Farms, Inc. will post -0.45 EPS for the current fiscal year.
Vital Farms News Roundup
Here are the key news stories impacting Vital Farms this week:
- Positive Sentiment: Multiple Vital Farms insiders bought shares near $8.00-$8.51, including director Kelly Kennedy, director Kofi Owusu Amoo-Gottfried, CMO Kathryn McKeon, insider Stephanie Coon, and others. These purchases suggest management and board members may view the stock as undervalued. Article: Vital Farms (NASDAQ:VITL) Insider Stephanie Coon Buys 5,895 Shares
- Neutral Sentiment: Analysts offered mixed commentary on Vital Farms, with the overall consensus still at “Hold.” Recent reports included several price-target cuts, which reinforces a cautious outlook even as some firms maintain bullish ratings. Article: Analysts Offer Insights on Consumer Goods Companies: Archer Daniels Midland (ADM) and Vital Farms (VITL)
- Negative Sentiment: Several law firms continue to publicize a securities class action against Vital Farms, with a key lead-plaintiff deadline on May 26. The repeated litigation alerts may weigh on investor sentiment by keeping legal risk in focus. Article: VITL DEADLINE: ROSEN, TOP-RANKED INVESTOR COUNSEL
Analysts Set New Price Targets
Several research analysts have commented on the stock. DA Davidson reiterated a "neutral" rating and issued a $16.00 target price (down from $47.00) on shares of Vital Farms in a report on Monday, May 4th. William Blair restated a "market perform" rating on shares of Vital Farms in a research note on Friday, May 8th. Weiss Ratings lowered shares of Vital Farms from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, April 29th. Stifel Nicolaus reissued a "hold" rating and issued a $10.00 price objective (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. Finally, TD Cowen downgraded shares of Vital Farms from a "buy" rating to a "hold" rating and dropped their target price for the stock from $25.00 to $16.00 in a report on Wednesday, April 8th. Five research 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. According to data from MarketBeat.com, Vital Farms has an average rating of "Hold" and an average target price of $27.33.
Check Out Our Latest Research Report on VITL
Institutional Investors Weigh In On Vital Farms
A number of institutional investors have recently added to or reduced their stakes in VITL. Triumph Capital Management acquired a new stake in Vital Farms in the 4th quarter valued at $25,000. Quarry LP bought a new stake in Vital Farms during the 4th quarter worth about $27,000. Global Retirement Partners LLC increased its holdings in shares of 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. increased its stake in shares of Vital Farms by 225.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company's stock valued at $46,000 after buying an additional 1,006 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Vital Farms during the 3rd quarter worth about $55,000. 98.59% of the stock is owned by institutional investors and hedge funds.
About Vital Farms
(
Get Free Report)
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.
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