Benjamin Edwards Inc. Sells 9,218 Shares of Vital Farms, Inc. $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 holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 31.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Vital Farms by 7.3% in the 1st quarter. Swiss National Bank now owns 63,600 shares of the company's stock worth $1,938,000 after purchasing an additional 4,300 shares in the last quarter. Blair William & Co. IL raised its holdings in Vital Farms by 180.2% in the 1st quarter. Blair William & Co. IL now owns 31,820 shares of the company's stock worth $970,000 after purchasing an additional 20,463 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Vital Farms by 20.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 754,283 shares of the company's stock worth $22,983,000 after purchasing an additional 125,574 shares in the last quarter. Alberta Investment Management Corp bought a new position in Vital Farms in the 1st quarter worth $1,026,000. Finally, US Bancorp DE raised its holdings in Vital Farms by 36.2% in the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Up 0.3%

NASDAQ:VITL traded up $0.1460 on Tuesday, reaching $49.5460. 474,107 shares of the stock traded hands, compared to its average volume of 990,300. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 44.21 and a beta of 0.94. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $50.50. The company's fifty day simple moving average is $38.43 and its 200 day simple moving average is $34.99.

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, beating analysts' consensus estimates of $0.27 by $0.09. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. Vital Farms's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. Equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VITL. Stifel Nicolaus upped their price objective 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. DA Davidson upped their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 11th. BMO Capital Markets restated an "outperform" rating on shares of Vital Farms in a report on Friday, August 8th. Mizuho upped their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Finally, Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $48.20.

Insider Activity

In other news, CFO Thilo Wrede sold 1,200 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total transaction of $46,764.00. Following the sale, the chief financial officer owned 56,187 shares of the company's stock, valued at $2,189,607.39. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell Diez-Canseco sold 16,700 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00. Following the sale, the chief executive officer directly owned 702,476 shares in the company, valued at approximately $32,391,168.36. The trade was a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,105 shares of company stock valued at $3,645,398 in the last quarter. 21.30% of the stock is owned by company insiders.

Vital Farms Company 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.