SG Americas Securities LLC Acquires New Shares in Vital Farms, Inc. (NASDAQ:VITL)

SG Americas Securities LLC acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,931 shares of the company’s stock, valued at approximately $760,000. SG Americas Securities LLC owned approximately 0.06% of Vital Farms as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VITL. CIBC Private Wealth Group LLC increased its position in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company’s stock valued at $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE boosted its stake in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company’s stock worth $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new position in Vital Farms in the 4th quarter worth $59,000. Principal Securities Inc. boosted its stake in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company’s stock worth $63,000 after purchasing an additional 380 shares during the period. Finally, Rothschild Investment LLC boosted its stake in Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company’s stock worth $68,000 after purchasing an additional 1,191 shares during the period. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Performance

NASDAQ VITL opened at $35.75 on Friday. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $48.41. The company has a current ratio of 3.35, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 31.92 and a beta of 0.89. The firm’s 50 day simple moving average is $33.49 and its 200 day simple moving average is $35.19.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. Vital Farms’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the sale, the chief executive officer now directly owns 703,736 shares in the company, valued at $23,708,865.84. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $31.93, for a total transaction of $38,316.00. Following the completion of the sale, the chief financial officer now owns 57,117 shares in the company, valued at $1,823,745.81. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,324 shares of company stock valued at $3,420,174. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VITL. Stifel Nicolaus raised shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, February 28th. Morgan Stanley reduced their price objective on shares of Vital Farms from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. DA Davidson reduced their price objective on shares of Vital Farms from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, March 14th. William Blair restated an “outperform” rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, BMO Capital Markets upgraded shares of Vital Farms to a “strong-buy” rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vital Farms presently has a consensus rating of “Buy” and an average price target of $44.63.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.