Vital Farms, Inc. $VITL Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 73.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,073 shares of the company’s stock after selling 164,304 shares during the quarter. Acadian Asset Management LLC owned approximately 0.13% of Vital Farms worth $1,799,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VITL. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Vital Farms by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock worth $2,739,000 after buying an additional 1,198 shares in the last quarter. Woodline Partners LP purchased a new stake in Vital Farms during the 1st quarter valued at about $1,073,000. Goldman Sachs Group Inc. raised its holdings in Vital Farms by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock valued at $12,658,000 after acquiring an additional 13,397 shares during the last quarter. Needham Investment Management LLC lifted its stake in Vital Farms by 11.0% in the 1st quarter. Needham Investment Management LLC now owns 505,000 shares of the company’s stock worth $15,387,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Nexpoint Asset Management L.P. acquired a new position in shares of Vital Farms during the 1st quarter worth approximately $558,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on VITL. Stifel Nicolaus increased their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Lake Street Capital set a $60.00 target price on Vital Farms and gave the stock a “buy” rating in a research note on Friday, August 8th. DA Davidson lifted their price target on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Telsey Advisory Group upped 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. Finally, Mizuho raised their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $49.80.

Insider Transactions at Vital Farms

In related news, SVP Stephanie Coon sold 10,005 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the transaction, the senior vice president directly owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 145,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total transaction of $7,537,100.00. Following the sale, the insider directly owned 6,582,070 shares in the company, valued at $342,135,998.60. This represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 434,401 shares of company stock worth $21,687,330 in the last 90 days. Insiders own 21.30% of the company’s stock.

Vital Farms Stock Performance

Shares of VITL stock opened at $47.05 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The firm has a market cap of $2.10 billion, a P/E ratio of 42.01 and a beta of 0.94. The firm’s 50 day moving average price is $44.07 and its 200-day moving average price is $37.14. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13.

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

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.