Vital Farms (NASDAQ:VITL) Trading Down 3% - Time to Sell?

Key Points

• Vital Farms' stock price decreased by 3% to $45.63 after trading at a low of $45.94, with trading volume significantly below average at around 47,028 shares.
• Analysts maintain a consensus "Buy" rating for Vital Farms, with an average target price of $49.80, following multiple upgrades from various investment firms.
• The company's most recent quarterly earnings beat expectations, reporting revenue of $184.77 million and earnings per share of $0.36, reflecting a 25.4% increase in revenue compared to the previous year.

Vital Farms, Inc. (NASDAQ:VITL - Get Free Report) was down 3% during mid-day trading on Wednesday . The company traded as low as $45.94 and last traded at $45.63. Approximately 47,028 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,003,034 shares. The stock had previously closed at $47.05.

Analyst Ratings Changes

A number of equities analysts have issued reports on VITL shares. Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Mizuho raised their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Stifel Nicolaus lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Telsey Advisory Group lifted their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, DA Davidson boosted their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 11th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $49.80.

Vital Farms Stock Down 3.4%

The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.03 billion, a PE ratio of 40.65 and a beta of 0.94. The firm has a 50 day simple moving average of $44.07 and a two-hundred day simple moving average of $37.14.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm had revenue of $184.77 million for the quarter, compared to the consensus estimate of $170.28 million. During the same period in the previous year, the business earned $0.36 earnings per share. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Transactions at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total value of $461,730.75. Following the completion of the transaction, the senior vice president directly owned 45,779 shares of the company's stock, valued at $2,112,700.85. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew Ohayer sold 145,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total value of $7,537,100.00. Following the completion of the transaction, the insider directly owned 6,582,070 shares of the company's stock, valued at approximately $342,135,998.60. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 434,401 shares of company stock valued at $21,687,330. Company insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On Vital Farms

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in Vital Farms by 20,650.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock valued at $51,000 after acquiring an additional 1,652 shares during the period. US Bancorp DE increased its position in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the period. CWM LLC boosted its stake in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after acquiring an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Vital Farms in the first quarter worth $112,000. Finally, Assetmark Inc. boosted its position in Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company's stock valued at $121,000 after purchasing an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.

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