113,383 Shares in Vital Farms, Inc. $VITL Purchased by Expect Equity LLC

Expect Equity LLC bought a new stake in Vital Farms, Inc. (NASDAQ:VITLFree Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 113,383 shares of the company’s stock, valued at approximately $1,319,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Van Berkom & Associates Inc. acquired a new position in shares of Vital Farms in the fourth quarter valued at approximately $3,442,000. Principal Financial Group Inc. lifted its holdings in Vital Farms by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,520,471 shares of the company’s stock worth $48,564,000 after buying an additional 142,790 shares in the last quarter. Vanguard Group Inc. boosted its position in Vital Farms by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock valued at $90,892,000 after buying an additional 530,008 shares during the period. Pictet Asset Management Holding SA boosted its position in Vital Farms by 79.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,173,263 shares of the company’s stock valued at $37,474,000 after buying an additional 519,369 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new position in shares of Vital Farms in the fourth quarter worth $6,901,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Stock Performance

Shares of VITL stock opened at $11.11 on Wednesday. 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 firm has a fifty day moving average price of $12.07 and a 200 day moving average price of $14.08. The company has a market cap of $476.95 million, a P/E ratio of -277.75 and a beta of 1.07. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VITL shares. Benchmark raised Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings lowered Vital Farms from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. DA Davidson lowered their target price on Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $15.00 price target on shares of Vital Farms in a report on Friday, August 7th. Finally, Telsey Advisory Group lowered Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.18.

Check Out Our Latest Report on VITL

Vital Farms Company 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.

Further Reading

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

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