Vital Farms, Inc. $VITL Shares Bought by Comerica Bank

Comerica Bank raised its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 63.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,049 shares of the company’s stock after acquiring an additional 1,568 shares during the period. Comerica Bank’s holdings in Vital Farms were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Vital Farms by 17.8% in the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock worth $87,262,000 after buying an additional 432,848 shares in the last quarter. American Century Companies Inc. raised its stake in Vital Farms by 1,453.0% during the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company’s stock worth $37,888,000 after acquiring an additional 1,163,399 shares during the period. Principal Financial Group Inc. grew its position in Vital Farms by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock worth $36,855,000 after purchasing an additional 37,614 shares during the last quarter. Emerald Advisers LLC grew its position in Vital Farms by 13.2% in the 1st quarter. Emerald Advisers LLC now owns 978,197 shares of the company’s stock worth $29,806,000 after purchasing an additional 113,874 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Vital Farms by 20.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 754,283 shares of the company’s stock worth $22,983,000 after purchasing an additional 125,574 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vital Farms

In related news, SVP Stephanie Coon sold 10,005 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total value of $461,730.75. Following the transaction, the senior vice president directly owned 45,779 shares in the company, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joanne Bal sold 4,796 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total transaction of $244,356.20. Following the completion of the sale, the insider owned 43,332 shares in the company, valued at $2,207,765.40. This represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 447,701 shares of company stock worth $21,848,836. Company insiders own 21.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. BMO Capital Markets increased their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. DA Davidson increased their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 11th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Telsey Advisory Group increased their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $49.80.

Vital Farms Stock Down 0.7%

VITL stock opened at $47.10 on Thursday. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $53.13. The firm has a market cap of $2.10 billion, a PE ratio of 42.05 and a beta of 0.94. The firm has a 50 day simple moving average of $43.36 and a 200 day simple moving average of $36.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

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.