49,474 Shares in Vital Farms, Inc. $VITL Acquired by 4WEALTH Advisors Inc.

4WEALTH Advisors Inc. bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,474 shares of the company’s stock, valued at approximately $653,000. 4WEALTH Advisors Inc. owned about 0.11% of Vital Farms at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VITL. Advisors Asset Management Inc. boosted its position in Vital Farms by 1.4% during the fourth quarter. Advisors Asset Management Inc. now owns 34,072 shares of the company’s stock valued at $1,088,000 after acquiring an additional 479 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Vital Farms by 7.7% in the 4th quarter. Van ECK Associates Corp now owns 6,912 shares of the company’s stock worth $221,000 after acquiring an additional 495 shares in the last quarter. Clean Yield Group raised its position in shares of Vital Farms by 0.9% in the 4th quarter. Clean Yield Group now owns 65,406 shares of the company’s stock worth $2,089,000 after acquiring an additional 596 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Vital Farms by 47.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,957 shares of the company’s stock valued at $63,000 after purchasing an additional 629 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Vital Farms by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 35,631 shares of the company’s stock valued at $1,138,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Craig Hallum cut shares of Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, May 8th. Stifel Nicolaus restated a “hold” rating and issued a $10.00 target price (down from $34.00) on shares of Vital Farms in a research note on Friday, May 8th. Mizuho set a $20.00 target price on Vital Farms in a research report on Monday, May 4th. Jefferies Financial Group set a $13.00 price target on Vital Farms in a report on Tuesday. Finally, DA Davidson reissued a “neutral” rating and issued a $16.00 price objective (down from $47.00) on shares of Vital Farms in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.08.

Insiders Place Their Bets

In related news, insider Stephanie Coon bought 5,895 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $8.42 per share, for a total transaction of $49,635.90. Following the completion of the purchase, the insider directly owned 62,314 shares in the company, valued at $524,683.88. The trade was a 10.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Nicholas Pappas acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $8.51 per share, with a total value of $29,785.00. Following the acquisition, the insider owned 85,169 shares in the company, valued at $724,788.19. The trade was a 4.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 38,700 shares of company stock worth $320,864 in the last ninety days. Company insiders own 3.90% of the company’s stock.

Vital Farms Stock Up 3.7%

VITL stock opened at $12.76 on Friday. The firm has a market capitalization of $546.74 million, a PE ratio of 12.27 and a beta of 1.07. The company has a quick ratio of 1.00, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. Vital Farms, Inc. has a twelve month low of $7.95 and a twelve month high of $53.13. The stock’s 50 day moving average is $10.59 and its 200-day moving average is $18.86.

Vital Farms (NASDAQ:VITL) last released its quarterly 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). The company had revenue of $187.16 million during the quarter, compared to analysts’ expectations of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. Sell-side analysts expect that Vital Farms, Inc. will post -0.45 EPS for the current fiscal 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.