Impact Investors Inc Has $1.13 Million Stock Holdings in Vital Farms, Inc. $VITL

Impact Investors Inc increased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 15.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 29,355 shares of the company’s stock after purchasing an additional 4,027 shares during the period. Vital Farms makes up approximately 0.8% of Impact Investors Inc’s holdings, making the stock its 29th largest position. Impact Investors Inc owned 0.07% of Vital Farms worth $1,131,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Truist Financial Corp acquired a new position in shares of Vital Farms during the 2nd quarter worth about $705,000. Union Bancaire Privee UBP SA lifted its position in shares of Vital Farms by 115.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 7,979 shares of the company’s stock worth $298,000 after purchasing an additional 4,269 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its position in shares of Vital Farms by 7.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 68,433 shares of the company’s stock worth $2,636,000 after purchasing an additional 4,543 shares during the last quarter. Hanson & Doremus Investment Management lifted its position in shares of Vital Farms by 43.7% during the 2nd quarter. Hanson & Doremus Investment Management now owns 6,143 shares of the company’s stock worth $237,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Vital Farms by 8.7% during the 2nd quarter. Dakota Wealth Management now owns 8,541 shares of the company’s stock worth $329,000 after purchasing an additional 680 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Analysts Set New Price Targets

VITL has been the subject of several recent research reports. Cowen reaffirmed a “buy” rating on shares of Vital Farms in a report on Thursday, September 18th. BMO Capital Markets upped their price target on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. DA Davidson upped their price target on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 11th. Telsey Advisory Group upped their price target on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Mizuho upped their price target on Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Vital Farms currently has a consensus rating of “Buy” and a consensus price target of $49.80.

Insiders Place Their Bets

In related news, CEO Russell Diez-Canseco sold 16,700 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00. Following the sale, the chief executive officer directly owned 685,776 shares in the company, valued at $32,450,920.32. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephanie Coon sold 10,005 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total value of $461,730.75. Following the sale, the senior vice president owned 45,779 shares in the company, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,401 shares of company stock valued at $20,512,230 in the last 90 days. Insiders own 21.30% of the company’s stock.

Vital Farms Trading Up 2.0%

VITL stock opened at $42.02 on Friday. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $53.13. The firm has a market cap of $1.88 billion, a P/E ratio of 37.52 and a beta of 0.92. The business’s 50 day moving average is $45.36 and its 200-day moving average is $38.13. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data 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 return on equity of 18.40% and a net margin of 7.84%.The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

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.