Blair William & Co. IL Has $970,000 Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Key Points

• Blair William & Co. IL increased its stake in Vital Farms by 180.2% during the first quarter, owning 31,820 shares valued at approximately $970,000.
• Vital Farms reported a quarterly earnings per share (EPS) of $0.36, exceeding analyst estimates of $0.27, with revenues growing 25.4% year-over-year to $184.77 million.
• Institutional investors and hedge funds collectively own 98.59% of Vital Farms stock, indicating significant institutional interest in the company.

Blair William & Co. IL grew its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 180.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,820 shares of the company's stock after buying an additional 20,463 shares during the period. Blair William & Co. IL owned approximately 0.07% of Vital Farms worth $970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Vital Farms by 53.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock valued at $706,000 after buying an additional 8,049 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Vital Farms by 6.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock valued at $257,000 after buying an additional 521 shares during the period. Ameriprise Financial Inc. boosted its stake in Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock worth $3,188,000 after purchasing an additional 17,017 shares during the period. Benjamin Edwards Inc. acquired a new position in Vital Farms in the 4th quarter worth $1,114,000. Finally, Arizona State Retirement System boosted its stake in Vital Farms by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock worth $287,000 after purchasing an additional 672 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Trading Up 3.7%

Vital Farms stock opened at $45.48 on Friday. The firm has a 50-day moving average of $36.45 and a 200-day moving average of $34.90. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $46.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.35 and a quick ratio of 2.91. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 40.61 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data 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 19.06%. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same period in the prior year, the business posted $0.36 EPS. The company's quarterly revenue was up 25.4% on a year-over-year basis. On average, equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VITL has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday. Mizuho initiated coverage on shares of Vital Farms in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $45.00 target price for the company. Telsey Advisory Group upped their target price on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Stifel Nicolaus upped their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $44.89.

Insider Transactions at Vital Farms

In other news, CFO Thilo Wrede sold 1,200 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total value of $46,764.00. Following the sale, the chief financial officer directly owned 56,187 shares of the company's stock, valued at approximately $2,189,607.39. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 5,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $40.34, for a total transaction of $201,700.00. Following the completion of the sale, the insider directly owned 6,872,070 shares in the company, valued at approximately $277,219,303.80. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,400 shares of company stock worth $2,413,630. 21.30% of the stock is owned by 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.

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