Entropy Technologies LP Makes New $568,000 Investment in Vital Farms, Inc. $VITL

Entropy Technologies LP acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,240 shares of the company’s stock, valued at approximately $568,000.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of Vital Farms in the fourth quarter valued at $25,000. Quarry LP bought a new stake in shares of Vital Farms in the 4th quarter worth about $27,000. Global Retirement Partners LLC boosted its stake in shares of Vital Farms by 4,382.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after purchasing an additional 1,008 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Vital Farms during the 3rd quarter worth about $55,000. Finally, PNC Financial Services Group Inc. grew its holdings in Vital Farms by 225.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Shares of VITL stock opened at $13.68 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.00. The company has a market capitalization of $586.19 million, a P/E ratio of 13.15 and a beta of 1.07. The company’s 50-day simple moving average is $11.54 and its two-hundred day simple moving average is $16.35. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $53.13.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VITL. Craig Hallum lowered shares of Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Friday, May 8th. Morgan Stanley set a $10.00 target price on Vital Farms in a research report on Friday, May 8th. Jefferies Financial Group set a $13.00 target price on Vital Farms in a research note on Tuesday, June 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price target (down from $34.00) on shares of Vital Farms in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Vital Farms from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vital Farms currently has a consensus rating of “Hold” and a consensus price target of $24.08.

Insider Transactions at Vital Farms

In other news, insider Peter Nicholas Pappas bought 3,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $8.51 per share, with a total value of $29,785.00. Following the transaction, the insider directly owned 85,169 shares in the company, valued at approximately $724,788.19. This trade represents a 4.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Michael Holland bought 12,484 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $8.00 per share, with a total value of $99,872.00. Following the completion of the acquisition, the insider directly owned 38,150 shares in the company, valued at approximately $305,200. This trade represents a 48.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 38,700 shares of company stock worth $320,864 in the last ninety days. 3.90% of the stock is owned by company insiders.

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.