American Century Companies Inc. Purchases 444,402 Shares of Vital Farms, Inc. $VITL

American Century Companies Inc. increased its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 35.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,687,869 shares of the company’s stock after purchasing an additional 444,402 shares during the period. American Century Companies Inc. owned approximately 3.78% of Vital Farms worth $65,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC increased its position in Vital Farms by 100.3% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 305,645 shares of the company’s stock worth $11,773,000 after buying an additional 153,065 shares during the period. Rhumbline Advisers grew its stake in shares of Vital Farms by 29.8% in the second quarter. Rhumbline Advisers now owns 61,422 shares of the company’s stock valued at $2,366,000 after acquiring an additional 14,105 shares in the last quarter. Legal & General Group Plc increased its position in Vital Farms by 12.9% during the second quarter. Legal & General Group Plc now owns 39,132 shares of the company’s stock worth $1,507,000 after acquiring an additional 4,457 shares during the period. Swiss National Bank increased its position in Vital Farms by 6.3% during the second quarter. Swiss National Bank now owns 67,600 shares of the company’s stock worth $2,604,000 after acquiring an additional 4,000 shares during the period. Finally, Renaissance Group LLC raised its stake in Vital Farms by 30.6% in the 2nd quarter. Renaissance Group LLC now owns 216,531 shares of the company’s stock worth $8,341,000 after purchasing an additional 50,770 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Vital Farms stock opened at $32.12 on Friday. The stock has a 50-day moving average price of $37.50 and a two-hundred day moving average price of $39.07. Vital Farms, Inc. has a 12 month low of $28.87 and a 12 month high of $53.13. The company has a market capitalization of $1.44 billion, a PE ratio of 24.33 and a beta of 0.86. The company has a current ratio of 2.65, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The firm’s revenue was up 37.2% compared to the same quarter last year. 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. Analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of analyst reports. Cowen restated a “buy” rating on shares of Vital Farms in a research report on Thursday, September 18th. DA Davidson boosted their price target on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Mizuho reduced their price target on Vital Farms from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Vital Farms in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.20.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the sale, the insider owned 6,417,070 shares of the company’s stock, valued at $242,436,904.60. This trade represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 9,667 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $44.39, for a total transaction of $429,118.13. Following the transaction, the chief executive officer owned 666,109 shares in the company, valued at $29,568,578.51. The trade was a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 301,367 shares of company stock valued at $14,839,362 in the last three months. Insiders own 21.30% of the company’s stock.

Vital Farms 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.