SummitTX Capital L.P. acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL – Free Report) in the first quarter, HoldingsChannel.com reports. The fund acquired 74,081 shares of the company’s stock, valued at approximately $1,046,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of VITL. Vanguard Group Inc. raised its holdings in Vital Farms by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after purchasing an additional 530,008 shares during the period. Wasatch Advisors LP grew its holdings in Vital Farms by 13.7% during the fourth quarter. Wasatch Advisors LP now owns 2,687,246 shares of the company’s stock valued at $85,831,000 after purchasing an additional 324,725 shares during the period. Van Berkom & Associates Inc. grew its holdings in Vital Farms by 1,998.7% during the first quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock valued at $31,933,000 after purchasing an additional 2,153,775 shares during the period. Principal Financial Group Inc. increased its position in Vital Farms by 41.6% in the first quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock worth $30,400,000 after buying an additional 632,537 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Vital Farms by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 2,047,955 shares of the company’s stock worth $65,412,000 after buying an additional 26,150 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Vital Farms
In other news, insider Peter Nicholas Pappas acquired 3,500 shares of Vital Farms stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $8.51 per share, with a total value of $29,785.00. Following the purchase, the insider directly owned 85,169 shares in the company, valued at $724,788.19. The trade was a 4.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie Coon acquired 5,895 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $8.42 per share, for a total transaction of $49,635.90. Following the completion of the acquisition, the insider directly owned 62,314 shares in the company, valued at approximately $524,683.88. This represents a 10.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 38,700 shares of company stock worth $320,864. 3.90% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Vital Farms
Vital Farms Trading Down 8.6%
Shares of VITL opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.00. Vital Farms, Inc. has a 1 year low of $7.95 and a 1 year high of $53.13. The company has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $16.22. The firm has a market cap of $536.03 million, a P/E ratio of 12.03 and a beta of 1.07.
Vital Farms (NASDAQ:VITL – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vital Farms had a return on equity of 14.47% and a net margin of 6.10%.The company had revenue of $187.16 million during the quarter, compared to analysts’ expectations of $182.40 million. During the same period last year, the firm posted $0.37 EPS. Vital Farms’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts expect that Vital Farms, Inc. will post -0.46 earnings per share for the current fiscal year.
About Vital Farms
Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.
Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.
Featured Articles
- Five stocks we like better than Vital Farms
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding VITL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vital Farms, Inc. (NASDAQ:VITL – Free Report).
Receive News & Ratings for Vital Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Farms and related companies with MarketBeat.com's FREE daily email newsletter.
