De Lisle Partners LLP Acquires Shares of 152,771 Vital Farms, Inc. $VITL

De Lisle Partners LLP bought a new stake in Vital Farms, Inc. (NASDAQ:VITLFree Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 152,771 shares of the company’s stock, valued at approximately $1,774,000.

A number of other institutional investors and hedge funds have also modified their holdings of VITL. BlackRock Inc. acquired a new position in shares of Vital Farms during the 2nd quarter worth about $60,153,000. Van Berkom & Associates Inc. boosted its holdings in Vital Farms by 1,998.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock worth $31,933,000 after buying an additional 2,153,775 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Vital Farms by 80.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock worth $79,921,000 after buying an additional 923,507 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Vital Farms during the 4th quarter worth approximately $25,534,000. Finally, Balyasny Asset Management L.P. increased its stake in Vital Farms by 466.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 503,894 shares of the company’s stock worth $16,094,000 after buying an additional 641,394 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Telsey Advisory Group cut Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Friday, May 8th. Morgan Stanley set a $10.00 price target on Vital Farms in a research report on Friday, May 8th. Benchmark raised Vital Farms from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $11.00 price objective on Vital Farms in a report on Friday, August 7th. Finally, DA Davidson decreased their price objective on Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.18.

Read Our Latest Analysis on Vital Farms

Vital Farms Stock Down 0.5%

Shares of NASDAQ VITL opened at $10.57 on Friday. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13. The stock has a market cap of $453.77 million, a PE ratio of -264.25 and a beta of 1.07. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $12.05 and a 200 day moving average of $14.39.

Vital Farms (NASDAQ:VITLGet Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.47). The business had revenue of $166.03 million for the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business’s revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. As a group, sell-side analysts predict that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Vital Farms Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

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