Envestnet Asset Management Inc. Acquires 123,641 Shares of Vital Farms, Inc. $VITL

Envestnet Asset Management Inc. boosted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 163.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 199,061 shares of the company’s stock after buying an additional 123,641 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.45% of Vital Farms worth $7,668,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Inspire Investing LLC increased its stake in shares of Vital Farms by 248.4% during the first quarter. Inspire Investing LLC now owns 37,460 shares of the company’s stock valued at $1,141,000 after buying an additional 26,708 shares during the period. Aurora Investment Counsel increased its position in Vital Farms by 36.5% during the 2nd quarter. Aurora Investment Counsel now owns 49,335 shares of the company’s stock valued at $1,900,000 after purchasing an additional 13,202 shares during the period. Vontobel Holding Ltd. raised its holdings in Vital Farms by 206.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 25,808 shares of the company’s stock worth $994,000 after purchasing an additional 17,387 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Vital Farms by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,407 shares of the company’s stock worth $287,000 after purchasing an additional 672 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Vital Farms during the 1st quarter valued at about $11,505,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of Vital Farms stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total value of $244,356.20. Following the completion of the sale, the insider owned 43,332 shares of the company’s stock, valued at approximately $2,207,765.40. This trade represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Diez-Canseco sold 9,667 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $44.39, for a total value of $429,118.13. Following the transaction, the chief executive officer directly owned 666,109 shares in the company, valued at approximately $29,568,578.51. The trade was a 1.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 411,163 shares of company stock worth $20,448,016. Insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. DA Davidson increased their price target 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. Weiss Ratings cut Vital Farms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Zacks Research upgraded Vital Farms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Lake Street Capital set a $60.00 price objective on Vital Farms and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, BMO Capital Markets raised their price objective on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vital Farms presently has a consensus rating of “Buy” and a consensus price target of $50.78.

Vital Farms Stock Performance

Shares of VITL stock opened at $32.97 on Tuesday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.65. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13. The company’s 50-day moving average is $41.74 and its 200 day moving average is $39.37.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $191.35 million. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The business’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal 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.