Why Vital Farms Stock Is Plunging Today

Vital Farms held its investor day today, and one bit of information seemed to spook the market.Shares of leading pasture-raised egg producer Vital Farms, Inc. (VITL 8.11%) dropped 9% Tuesday as of noon ET. The public benefit corporation (PBC) held its investor day presentation on Dec. 16 and announced a new long-term goal to reach $2 billion in sales by 2030.This would imply a roughly 20% revenue growth rate annually through 2030 and is a marked step up from its existing goal to reach $1 billion in sales by ...