Blair William & Co. IL Has $903,000 Stock Holdings in Vital Farms, Inc. $VITL

Key Points

• Blair William & Co. IL reduced its stake in Vital Farms by 26.3% in Q2, holding 23,450 shares worth $903,000 after selling 8,370 shares.
• Several other institutional investors have increased their holdings, with Vontobel Holding Ltd. boosting its stake by 206.5% during the same period.
• Vital Farms reported a quarterly profit of $0.36 EPS, exceeding expectations, and plans to release FY 2025 guidance soon.

Blair William & Co. IL lessened its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 26.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,450 shares of the company's stock after selling 8,370 shares during the quarter. Blair William & Co. IL owned 0.05% of Vital Farms worth $903,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. increased its stake in Vital Farms by 206.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 25,808 shares of the company's stock valued at $994,000 after buying an additional 17,387 shares during the period. Impact Investors Inc increased its stake in Vital Farms by 15.9% in the 2nd quarter. Impact Investors Inc now owns 29,355 shares of the company's stock valued at $1,131,000 after buying an additional 4,027 shares during the period. Truist Financial Corp acquired a new position in Vital Farms in the 2nd quarter valued at approximately $705,000. Union Bancaire Privee UBP SA increased its stake in Vital Farms by 115.1% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 7,979 shares of the company's stock valued at $298,000 after buying an additional 4,269 shares during the period. Finally, Campbell Newman Asset Management Inc. increased its stake in Vital Farms by 7.1% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 68,433 shares of the company's stock valued at $2,636,000 after buying an additional 4,543 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Price Performance

NASDAQ VITL opened at $40.37 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 has a fifty day simple moving average of $46.23 and a 200 day simple moving average of $38.87. The company has a market cap of $1.80 billion, a P/E ratio of 36.04 and a beta of 0.92. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $53.13.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. The business had revenue of $184.77 million during 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%. Vital Farms's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, SVP Stephanie Coon sold 10,005 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the sale, the senior vice president directly owned 45,779 shares of the company's stock, valued at approximately $2,112,700.85. This represents a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 100,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $50.96, for a total transaction of $5,096,000.00. Following the sale, the insider directly owned 6,482,070 shares of the company's stock, valued at approximately $330,326,287.20. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 412,868 shares of company stock valued at $20,894,584 in the last quarter. 21.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on VITL. BMO Capital Markets upped their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. DA Davidson increased their price target on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Cowen restated a "buy" rating on shares of Vital Farms in a research note on Thursday, September 18th. Mizuho increased their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus increased their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate 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.

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