Corient Private Wealth LP Purchases New Stake in Vital Farms, Inc. $VITL

Key Points

• Corient Private Wealth LP acquired 150,656 Vital Farms shares worth approximately $1.75 million, giving it a 0.35% stake. Institutional investors and hedge funds collectively own 98.59% of VITL.
• Analyst sentiment is mixed, with five Buy, eight Hold and one Sell rating; the overall consensus is Hold, with an average price target of $17.18.
• VITL shares opened at $10.10, well below their 52-week high of $51.93. In its latest quarter, Vital Farms reported revenue of $166.03 million and an adjusted loss of $0.47 per share, while revenue declined 10.2% year over year.

Corient Private Wealth LP acquired a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,656 shares of the company's stock, valued at approximately $1,752,000. Corient Private Wealth LP owned 0.35% of Vital Farms as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Vital Farms by 1.4% during the 4th quarter. Advisors Asset Management Inc. now owns 34,072 shares of the company's stock valued at $1,088,000 after purchasing an additional 479 shares during the period. Van ECK Associates Corp grew its position in shares of Vital Farms by 7.7% during the 4th quarter. Van ECK Associates Corp now owns 6,912 shares of the company's stock worth $221,000 after buying an additional 495 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Vital Farms by 47.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,957 shares of the company's stock worth $63,000 after buying an additional 629 shares during the period. HighTower Advisors LLC raised its stake in shares of Vital Farms by 2.2% during the fourth quarter. HighTower Advisors LLC now owns 35,631 shares of the company's stock worth $1,138,000 after buying an additional 754 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Vital Farms during the fourth quarter worth approximately $25,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VITL shares. Wall Street Zen lowered shares of Vital Farms from a "hold" rating to a "strong sell" rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Vital Farms from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 25th. Jefferies Financial Group set a $13.00 target price on shares of Vital Farms in a research report on Tuesday, June 30th. Craig Hallum downgraded Vital Farms from a "buy" rating to a "hold" rating and set a $10.00 price target on the stock. in a research note on Friday, May 8th. Finally, Telsey Advisory Group lowered Vital Farms from an "outperform" rating to a "market perform" rating and set a $11.00 price target on the stock. in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.18.

Vital Farms Stock Performance

Shares of VITL stock opened at $10.10 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The stock has a market cap of $433.59 million, a PE ratio of -252.50 and a beta of 1.05. The stock has a 50-day moving average of $12.05 and a 200-day moving average of $13.27. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $51.93.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting the consensus estimate of ($0.47). The business had revenue of $166.03 million for the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. Vital Farms's quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. As a group, sell-side analysts expect that Vital Farms, Inc. will post -0.48 earnings per share for the current year.

Vital Farms Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms' supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.

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