204,092 Shares in Vital Farms, Inc. $VITL Purchased by Caxton Associates LLP

Caxton Associates LLP acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) during the 1st quarter, Holdings Channel reports. The fund acquired 204,092 shares of the company’s stock, valued at approximately $2,882,000.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management purchased a new position in shares of Vital Farms in the 4th quarter worth approximately $25,000. Quarry LP purchased a new stake in Vital Farms during the 4th quarter valued at $27,000. Global Retirement Partners LLC lifted its position in Vital Farms by 4,382.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares during the last quarter. PNC Financial Services Group Inc. lifted its position 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 buying an additional 1,006 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Vital Farms during the third quarter worth $55,000. 98.59% of the stock is owned by institutional investors.

Insider Activity at Vital Farms

In related news, insider Joseph Michael Holland acquired 12,484 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $8.00 per share, for a total transaction of $99,872.00. Following the acquisition, the insider directly owned 38,150 shares of the company’s stock, valued at $305,200. This represents a 48.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Coon acquired 5,895 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $8.42 per share, with a total value of $49,635.90. Following the completion of the transaction, the insider owned 62,314 shares in the company, valued at $524,683.88. This trade represents a 10.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 38,700 shares of company stock worth $320,864. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VITL has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Vital Farms from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 7th. TD Cowen cut shares of Vital Farms from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $16.00 in a research note on Wednesday, April 8th. Craig Hallum downgraded shares of Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Friday, May 8th. Needham & Company LLC reduced their price objective on shares of Vital Farms from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price objective (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.08.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $13.02 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $11.26 and its two-hundred day moving average is $16.79. Vital Farms, Inc. has a 52 week low of $7.95 and a 52 week high of $53.13. The company has a market capitalization of $557.88 million, a PE ratio of 12.52 and a beta of 1.07.

Vital Farms (NASDAQ:VITL) last released its 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). The business had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. As a group, analysts expect that Vital Farms, Inc. will post -0.46 earnings per share for the current year.

About Vital Farms

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.