Benjamin Edwards Inc. Has $620,000 Stake in Vital Farms, Inc. (NASDAQ:VITL)

Key Points

• Benjamin Edwards Inc. has reduced its stake in Vital Farms, Inc. by 31.2% in the first quarter, now holding 20,338 shares worth $620,000.
• Vital Farms reported earnings per share of $0.36 for the last quarter, exceeding the consensus estimate of $0.27, with a revenue of $184.77 million, up 25.4% year-over-year.
• Insiders have sold a total of 94,105 shares of Vital Farms stock in the last quarter, with CEO Russell Diez-Canseco selling 16,700 shares valued at $770,037.

Benjamin Edwards Inc. decreased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,338 shares of the company's stock after selling 9,218 shares during the period. Benjamin Edwards Inc.'s holdings in Vital Farms were worth $620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in Vital Farms by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock valued at $2,298,000 after buying an additional 337 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after buying an additional 475 shares during the period. US Bancorp DE lifted its holdings in Vital Farms by 36.2% in the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after buying an additional 513 shares during the period. Stifel Financial Corp grew its holdings in Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock worth $306,000 after purchasing an additional 518 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Vital Farms by 6.6% in the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock worth $257,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Performance

VITL opened at $47.75 on Friday. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The company's fifty day moving average price is $37.73 and its two-hundred day moving average price is $35.05. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $48.26. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 42.63 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business's revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

VITL has been the subject of a number of research reports. DA Davidson raised their price target on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday. BMO Capital Markets restated an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday. Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Vital Farms presently has a consensus rating of "Buy" and an average price target of $48.20.

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 16,700 shares of Vital Farms stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00. Following the transaction, the chief executive officer directly owned 702,476 shares of the company's stock, valued at $32,391,168.36. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephanie Coon sold 10,005 shares of Vital Farms stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total transaction of $461,730.75. Following the transaction, the senior vice president directly owned 45,779 shares in the company, valued at $2,112,700.85. This represents a 17.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,105 shares of company stock valued at $3,645,398 over the last quarter. 21.30% of the stock is owned by insiders.

About Vital Farms

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.

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