Key Points
- Vital Farms director Glenda Flanagan bought 6,100 shares on May 18 at an average price of $8.33 each, totaling about $50,813. Her stake rose to 37,498 shares, a 19.43% increase.
- The stock was trading up 2.8% and opened at $9.43, while the company’s market cap stood at about $404 million. Shares have fallen well below their 52-week high of $53.13.
- Recent earnings missed EPS expectations even as revenue beat estimates and grew 15.4% year over year. Analysts currently rate Vital Farms a consensus Hold with a target price of $27.33.
Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) Director Glenda Flanagan purchased 6,100 shares of the firm's stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $8.33 per share, for a total transaction of $50,813.00. Following the completion of the purchase, the director directly owned 37,498 shares of the company's stock, valued at approximately $312,358.34. This represents a 19.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Vital Farms Trading Up 2.8%
VITL stock 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 one year low of $7.95 and a one year high of $53.13. The company's 50 day moving average price is $12.74 and its two-hundred day moving average price is $23.70. 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 posted 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). The business had revenue of $187.16 million for the quarter, compared to analysts' expectations of $182.40 million. Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The company's revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. As a group, analysts predict that Vital Farms, Inc. will post -0.45 earnings per share for the current fiscal year.
Institutional Trading of Vital Farms
Several large investors have recently added to or reduced their stakes in VITL. Triumph Capital Management bought a new stake in Vital Farms in the fourth quarter valued at $25,000. Quarry LP bought a new stake in shares of Vital Farms during the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its holdings 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 valued at $33,000 after buying an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $46,000 after buying an additional 1,006 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Vital Farms during the 3rd quarter valued at $55,000. Institutional investors own 98.59% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Stifel Nicolaus restated a "hold" rating and issued a $10.00 target price (down from $34.00) on shares of Vital Farms in a report on Friday, May 8th. Weiss Ratings cut shares of Vital Farms from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, April 29th. TD Cowen cut 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 report on Wednesday, April 8th. DA Davidson restated 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. Finally, William Blair reiterated a "market perform" rating on shares of Vital Farms in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vital Farms has a consensus rating of "Hold" and a consensus target price of $27.33.
Read Our Latest Analysis on Vital Farms
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.
Further Reading
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