Vital Farms, Inc. (NASDAQ:VITL) Short Interest Up 22.5% in April

Vital Farms, Inc. (NASDAQ:VITLGet Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 12,550,951 shares, a growth of 22.5% from the March 31st total of 10,246,712 shares. Based on an average daily trading volume, of 2,536,101 shares, the short-interest ratio is presently 4.9 days. Approximately 35.6% of the shares of the stock are sold short.

Vital Farms Stock Up 12.8%

Shares of NASDAQ:VITL opened at $13.65 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. Vital Farms has a 12 month low of $11.80 and a 12 month high of $53.13. The company has a 50-day moving average price of $15.80 and a 200 day moving average price of $26.31. The company has a market cap of $584.90 million, a price-to-earnings ratio of 9.48 and a beta of 1.35.

Vital Farms (NASDAQ:VITLGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Vital Farms had a net margin of 8.73% and a return on equity of 20.69%. The business had revenue of $213.55 million during the quarter, compared to the consensus estimate of $212.83 million. During the same period in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts predict that Vital Farms will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other Vital Farms news, Director Karl Khoury purchased 5,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $18.45 per share, for a total transaction of $92,250.00. Following the purchase, the director owned 119,789 shares of the company’s stock, valued at approximately $2,210,107.05. This represents a 4.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Matthew Ohayer sold 20,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $20.33, for a total value of $406,600.00. Following the completion of the sale, the insider owned 6,321,190 shares of the company’s stock, valued at $128,509,792.70. The trade was a 0.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VITL. Triumph Capital Management bought a new position in shares of Vital Farms in the 4th quarter valued at about $25,000. Quarry LP bought a new position in shares of Vital Farms in the 4th quarter valued at about $27,000. Exchange Traded Concepts LLC bought a new position in shares of Vital Farms in the 3rd quarter valued at about $28,000. Global Retirement Partners LLC lifted its holdings in shares of Vital Farms by 4,382.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock valued at $33,000 after acquiring an additional 1,008 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Vital Farms by 225.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the subject of several research reports. TD Cowen downgraded shares of Vital Farms from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $16.00 in a report on Wednesday, April 8th. Craig Hallum dropped their price objective on shares of Vital Farms from $55.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Benchmark downgraded shares of Vital Farms from a “buy” rating to a “hold” rating in a report on Thursday, February 26th. Stifel Nicolaus dropped their price objective on shares of Vital Farms from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Mizuho dropped their price objective on shares of Vital Farms from $48.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

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Vital Farms News Roundup

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Vital Farms Company Profile

(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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