Vital Farms, Inc. $VITL Position Boosted by Swiss National Bank

Swiss National Bank increased its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,600 shares of the company’s stock after buying an additional 4,300 shares during the quarter. Swiss National Bank owned about 0.14% of Vital Farms worth $1,938,000 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. Wellington Management Group LLP grew its holdings in Vital Farms by 417.8% in the 4th quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company’s stock worth $91,625,000 after buying an additional 1,961,550 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Vital Farms by 64.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company’s stock worth $39,904,000 after buying an additional 415,614 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Vital Farms by 56.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 662,174 shares of the company’s stock worth $24,958,000 after buying an additional 239,552 shares in the last quarter. Anchor Capital Management Company LLC grew its holdings in Vital Farms by 79.6% in the 4th quarter. Anchor Capital Management Company LLC now owns 404,152 shares of the company’s stock worth $15,232,000 after buying an additional 179,152 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in Vital Farms in the 4th quarter worth approximately $6,312,000. 98.59% of the stock is owned by institutional investors.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $50.94 on Friday. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $51.55. The stock has a fifty day moving average of $39.84 and a 200-day moving average of $35.33. The company has a market capitalization of $2.28 billion, a PE ratio of 45.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 800 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $50.31, for a total transaction of $40,248.00. Following the completion of the sale, the insider owned 6,831,270 shares in the company, valued at approximately $343,681,193.70. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $38.97, for a total value of $46,764.00. Following the sale, the chief financial officer owned 56,187 shares of the company’s stock, 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 a total of 94,905 shares of company stock worth $3,685,646 over the last quarter. 21.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Telsey Advisory Group increased their price objective on Vital Farms from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets reissued an “outperform” rating on shares of Vital Farms in a report on Friday, August 8th. Mizuho upped their target price on Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Lake Street Capital set a $60.00 target price on Vital Farms and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $48.20.

Vital Farms Company Profile

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.