Vital Farms (NASDAQ:VITL) Insider Hoven Reena Chauhan Van Buys 2,242 Shares of Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Hoven Reena Chauhan Van acquired 2,242 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $8.92 per share, with a total value of $19,998.64. Following the purchase, the insider directly owned 25,827 shares in the company, valued at approximately $230,376.84. This trade represents a 9.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $9.24 on Friday. The company’s fifty day moving average is $12.56 and its two-hundred day moving average is $23.53. The company has a market cap of $395.93 million, a P/E ratio of 8.88 and a beta of 1.20. 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.

Vital Farms (NASDAQ:VITL) last issued its 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 analyst estimates of $182.40 million. During the same period last year, the business earned $0.37 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts expect that Vital Farms, Inc. will post -0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Benchmark downgraded Vital Farms from a “buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research lowered shares of Vital Farms from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Morgan Stanley set a $10.00 price target on shares of Vital Farms in a research report on Friday, May 8th. Needham & Company LLC reduced their price target on shares of Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, William Blair reissued a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vital Farms currently has an average rating of “Hold” and a consensus target price of $27.33.

Institutional Investors Weigh In On Vital Farms

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Vital Farms by 16.7% during the 1st quarter. California State Teachers Retirement System now owns 40,968 shares of the company’s stock valued at $578,000 after buying an additional 5,851 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Vital Farms by 24.8% during the 1st quarter. Royal Bank of Canada now owns 22,495 shares of the company’s stock valued at $318,000 after buying an additional 4,471 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Vital Farms by 85.5% during the 1st quarter. Quantinno Capital Management LP now owns 17,144 shares of the company’s stock valued at $242,000 after buying an additional 7,902 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Vital Farms during the 1st quarter valued at about $1,046,000. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Vital Farms by 20.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 222,523 shares of the company’s stock valued at $3,142,000 after buying an additional 37,223 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

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.