Vital Farms, Inc. $VITL Shares Bought by US Bancorp DE

US Bancorp DE raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 36.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,929 shares of the company’s stock after buying an additional 513 shares during the period. US Bancorp DE’s holdings in Vital Farms were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock valued at $2,298,000 after acquiring an additional 337 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company’s stock valued at $131,000 after purchasing an additional 475 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock valued at $306,000 after purchasing an additional 518 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Vital Farms by 6.6% during the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock worth $257,000 after buying an additional 521 shares during the period. Finally, Dakota Wealth Management lifted its holdings in Vital Farms by 8.4% during the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company’s stock worth $240,000 after buying an additional 611 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Price Performance

VITL stock opened at $49.40 on Tuesday. The business has a 50 day moving average price of $38.43 and a 200 day moving average price of $34.99. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 44.11 and a beta of 0.94. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $49.48.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $170.28 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In other news, insider Matthew Ohayer sold 5,000 shares of Vital Farms stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $40.34, for a total value of $201,700.00. Following the transaction, the insider directly owned 6,872,070 shares of the company’s stock, valued at $277,219,303.80. The trade was a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Thilo Wrede sold 1,200 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the transaction, the chief financial officer owned 56,187 shares in the company, valued at $2,189,607.39. This trade represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,105 shares of company stock valued at $3,645,398 over the last quarter. 21.30% of the stock is owned by insiders.

Analysts Set New Price Targets

VITL has been the subject of several research reports. Stifel Nicolaus boosted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Mizuho lifted their target price on Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Lake Street Capital set a $60.00 price target on Vital Farms and gave the stock a “buy” rating in a report on Friday, August 8th. DA Davidson lifted their price objective on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Telsey Advisory Group boosted their price objective on Vital Farms from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $48.20.

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.