156,795 Shares in Vital Farms, Inc. $VITL Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners acquired 156,795 Vital Farms shares worth approximately $1.824 million, representing about 0.37% of the company. Institutional investors collectively own 98.59% of VITL.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, eight a Hold and one a Sell, resulting in an overall “Hold” rating and an average price target of $17.18.
• Vital Farms reported quarterly revenue of $166.03 million, exceeding estimates, but revenue fell 10.2% year over year and the company posted a $0.47 per-share loss. Shares opened at $10.90, well below their 52-week high of $53.13.

GSA Capital Partners LLP acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 156,795 shares of the company's stock, valued at approximately $1,824,000. GSA Capital Partners LLP owned approximately 0.37% of Vital Farms at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Van Berkom & Associates Inc. bought a new position in shares of Vital Farms during the fourth quarter worth approximately $3,442,000. Principal Financial Group Inc. boosted its stake in shares of Vital Farms by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,520,471 shares of the company's stock valued at $48,564,000 after buying an additional 142,790 shares during the period. Impax Asset Management Group plc grew its position in Vital Farms by 119.4% during the fourth quarter. Impax Asset Management Group plc now owns 238,915 shares of the company's stock worth $7,631,000 after buying an additional 130,000 shares in the last quarter. Vanguard Group Inc. grew its position in Vital Farms by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company's stock worth $90,892,000 after buying an additional 530,008 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Vital Farms by 79.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,173,263 shares of the company's stock worth $37,474,000 after acquiring an additional 519,369 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VITL shares. Mizuho set a $20.00 price objective on Vital Farms in a report on Monday, May 4th. Benchmark raised Vital Farms from a "hold" rating to a "buy" rating in a report on Thursday, August 6th. Jefferies Financial Group set a $13.00 price target on Vital Farms in a research report on Tuesday, June 30th. Wall Street Zen downgraded Vital Farms from a "hold" rating to a "strong sell" rating in a research note on Saturday, May 9th. Finally, DA Davidson cut their price objective on shares of Vital Farms from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Five equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.18.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $10.90 on Monday. Vital Farms, Inc. has a 1 year low of $7.95 and a 1 year high of $53.13. The stock has a market capitalization of $467.94 million, a price-to-earnings ratio of -272.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The company's 50 day simple moving average is $12.02 and its 200 day simple moving average is $14.89.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting the consensus estimate of ($0.47). The firm had revenue of $166.03 million during 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%.The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. As a group, research analysts predict that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Vital Farms Profile

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.

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