Advisors Asset Management Inc. Grows Stock Holdings in Vital Farms, Inc. $VITL

Key Points

• Advisors Asset Management Inc. increased its stake in Vital Farms, acquiring 6,438 shares, bringing its total ownership to 27,644 shares valued at approximately $842,000, marking a 30.4% increase in the first quarter.
• In the same quarter, several institutional investors significantly boosted their holdings, with Caitong International Asset Management increasing its stake by 20,650%, now owning 1,660 shares valued at around $51,000.
• Vital Farms reported earnings per share of $0.36 for the quarter, surpassing analysts' expectations, and its revenue rose 25.4% year-over-year, totaling $184.77 million.

Advisors Asset Management Inc. increased its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 30.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,644 shares of the company's stock after purchasing an additional 6,438 shares during the period. Advisors Asset Management Inc. owned 0.06% of Vital Farms worth $842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VITL. Stifel Financial Corp raised its position in shares of Vital Farms by 6.8% during the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after purchasing an additional 518 shares during the period. Northern Trust Corp increased its holdings in Vital Farms by 15.0% in the 4th quarter. Northern Trust Corp now owns 335,117 shares of the company's stock valued at $12,631,000 after acquiring an additional 43,804 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock valued at $3,188,000 after acquiring an additional 17,017 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Vital Farms in the 4th quarter valued at $262,000. Finally, Deutsche Bank AG increased its holdings in Vital Farms by 3.8% in the 4th quarter. Deutsche Bank AG now owns 250,204 shares of the company's stock valued at $9,430,000 after acquiring an additional 9,229 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Shares of Vital Farms stock traded down $1.50 during trading hours on Monday, reaching $47.06. The company's stock had a trading volume of 632,897 shares, compared to its average volume of 1,092,705. The firm has a 50 day moving average price of $43.91 and a 200-day moving average price of $37.07. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The stock has a market cap of $2.10 billion, a P/E ratio of 42.02 and a beta of 0.93.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The firm had revenue of $184.77 million during the quarter, compared to analysts' expectations of $170.28 million. During the same period in the previous year, the company earned $0.36 EPS. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. On average, analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, insider Matthew Ohayer sold 100,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $50.96, for a total value of $5,096,000.00. Following the sale, the insider directly owned 6,482,070 shares of the company's stock, valued at $330,326,287.20. This represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00. Following the completion of the sale, the chief executive officer directly owned 685,776 shares in the company, valued at $32,450,920.32. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,401 shares of company stock valued at $21,848,580. Company insiders own 21.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VITL. BMO Capital Markets lifted their price target on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. DA Davidson lifted their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 11th. Mizuho lifted their price target on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Stifel Nicolaus lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Telsey Advisory Group lifted their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $49.80.

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.