Voya Investment Management LLC Cuts Stock Holdings in Vital Farms, Inc. $VITL

Voya Investment Management LLC lowered its stake in Vital Farms, Inc. (NASDAQ:VITL) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,080 shares of the company’s stock after selling 731 shares during the quarter. Voya Investment Management LLC’s holdings in Vital Farms were worth $277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VITL. Envestnet Asset Management Inc. boosted its stake in shares of Vital Farms by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after acquiring an additional 337 shares during the last quarter. US Bancorp DE lifted its stake in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock valued at $59,000 after buying an additional 513 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Vital Farms by 6.6% during the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock valued at $257,000 after buying an additional 521 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Vital Farms by 8.4% during the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company’s stock valued at $240,000 after buying an additional 611 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company’s stock valued at $66,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Down 0.9%

NASDAQ VITL opened at $41.94 on Tuesday. 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 firm has a market cap of $1.87 billion, a PE ratio of 37.45 and a beta of 0.93. The company has a 50 day moving average price of $45.06 and a 200 day moving average price of $37.94. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $53.13.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. During the same quarter in the prior year, the business posted $0.36 EPS. Vital Farms’s revenue for the quarter was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VITL has been the topic of a number of research reports. Telsey Advisory Group lifted their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Cowen reissued a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. DA Davidson lifted their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, BMO Capital Markets lifted their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Twelve 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 an average price target of $49.80.

Insider Buying and Selling at Vital Farms

In related news, SVP Stephanie Coon sold 10,005 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the sale, the senior vice president directly owned 45,779 shares of the company’s stock, valued at approximately $2,112,700.85. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joanne Bal sold 4,796 shares of the 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 sale, the insider directly owned 43,332 shares in the company, valued at $2,207,765.40. This trade represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,401 shares of company stock valued at $20,512,230 over the last quarter. Insiders own 21.30% of the company’s stock.

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.