150,626 Shares of Vital Farms, Inc. $VITL Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 150,626 Vital Farms shares in the second quarter, worth approximately $1.75 million and representing a 0.35% stake.
• Institutional ownership remains very high at 98.59%, with BlackRock, Van Berkom & Associates, Principal Financial Group and Dimensional Fund Advisors among other major investors increasing or initiating positions.
• Vital Farms shares were trading at $10.09, down 2.1%, after the company reported a 10.2% year-over-year revenue decline and a quarterly loss of $0.47 per share. Analysts’ consensus rating is Hold, with an average price target of $17.18.

Corient Private Wealth LP purchased a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 150,626 shares of the company's stock, valued at approximately $1,752,000. Corient Private Wealth LP owned 0.35% of Vital Farms as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Vital Farms in the 2nd quarter valued at $60,153,000. Van Berkom & Associates Inc. grew its stake in Vital Farms by 1,998.7% in 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 last quarter. Principal Financial Group Inc. grew its stake 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 valued at $30,400,000 after purchasing an additional 632,537 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Vital Farms by 46.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,405,032 shares of the company's stock valued at $19,836,000 after purchasing an additional 447,728 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in Vital Farms in the second quarter worth about $12,975,000. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Trading Down 2.1%

Vital Farms stock opened at $10.09 on Friday. The stock has a 50-day moving average of $11.42 and a two-hundred day moving average of $11.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $45.15. The stock has a market cap of $433.16 million, a PE ratio of -252.25 and a beta of 1.05.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly 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 return on equity of 3.46% and a net margin of 0.02%.The company's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, research analysts anticipate that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VITL has been the subject of several analyst reports. Stifel Nicolaus set a $11.00 price target on shares of Vital Farms in a research report on Friday, August 7th. DA Davidson cut their price objective on shares of Vital Farms from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Benchmark upgraded shares of Vital Farms from a "hold" rating to a "buy" rating in a research note on Thursday, August 6th. BMO Capital Markets reissued an "outperform" rating and set a $15.00 target price on shares of Vital Farms in a research report on Friday, August 7th. Finally, TD Cowen raised their target price on shares of Vital Farms from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.18.

Vital Farms Company Profile

Vital Farms, Inc is a food company focused on ethically produced pasture-raised eggs and other products. The company's offerings include pasture-raised eggs, butter, ghee and hard-boiled eggs, which are sold under the Vital Farms brand through grocery retailers and other distribution channels.

Founded in 2007, Vital Farms works with a network of family farms and emphasizes animal welfare, pasture access and supply-chain transparency. Its products are marketed primarily in the United States and are available through retail and foodservice channels.

The company is headquartered in Austin, Texas.

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