Taylor Frigon Capital Management LLC Has $1.27 Million Stock Position in Vital Farms, Inc. $VITL

Taylor Frigon Capital Management LLC boosted its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 129.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,972 shares of the company’s stock after buying an additional 50,718 shares during the quarter. Taylor Frigon Capital Management LLC owned approximately 0.20% of Vital Farms worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van Berkom & Associates Inc. bought a new position in Vital Farms in the 4th quarter valued at approximately $3,442,000. Divisadero Street Capital Management LP grew its stake in shares of Vital Farms by 131.7% during the third quarter. Divisadero Street Capital Management LP now owns 993,338 shares of the company’s stock worth $40,876,000 after buying an additional 564,711 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vital Farms by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,520,471 shares of the company’s stock worth $48,564,000 after buying an additional 142,790 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Vital Farms by 119.4% during the fourth quarter. Impax Asset Management Group plc now owns 238,915 shares of the company’s stock worth $7,631,000 after buying an additional 130,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Vital Farms by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after buying an additional 530,008 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VITL shares. Telsey Advisory Group downgraded Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Friday, May 8th. Wall Street Zen cut Vital Farms from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Needham & Company LLC lowered their price objective on Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, May 11th. William Blair reiterated a “market perform” rating on shares of Vital Farms in a report on Friday, May 8th. Finally, Morgan Stanley set a $10.00 target price 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.08.

Vital Farms Stock Down 6.3%

Shares of VITL opened at $12.32 on Thursday. The stock’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $18.29. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13. The company has a market capitalization of $527.91 million, a PE ratio of 11.85 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The company had revenue of $187.16 million during the quarter, compared to analyst estimates of $182.40 million. During the same period in the previous year, the company posted $0.37 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that Vital Farms, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling

In other news, Director Glenda J. Flanagan purchased 6,100 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $8.33 per share, for a total transaction of $50,813.00. Following the transaction, the director owned 37,498 shares of the company’s stock, valued at approximately $312,358.34. This trade represents a 19.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph Michael Holland acquired 12,484 shares of Vital Farms stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $8.00 per share, for a total transaction of $99,872.00. Following the completion of the purchase, the insider owned 38,150 shares in the company, valued at approximately $305,200. The trade was a 48.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 38,700 shares of company stock valued at $320,864. Insiders own 3.90% of the company’s stock.

Vital Farms 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.