Credit Agricole S A Sells 12,377 Shares of Vital Farms, Inc. $VITL

Key Points

• Credit Agricole S A reduced its stake in Vital Farms, Inc. by 15.1%, owning approximately 0.16% of the company, valued at $2.12 million after selling shares in the first quarter.
• Despite Credit Agricole's reduction, several other institutions have significantly increased their holdings in Vital Farms, including Caitong International which grew its stake by 20,650%.
• Analysts have predominantly rated Vital Farms with a "Buy", with a consensus price target of $48.20, reflecting strong investor confidence alongside recent strong earnings results.

Credit Agricole S A lowered its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 69,483 shares of the company's stock after selling 12,377 shares during the period. Credit Agricole S A owned 0.16% of Vital Farms worth $2,117,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 513 shares during the last quarter. CWM LLC raised its holdings in shares of Vital Farms by 43.2% in the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after acquiring an additional 650 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Vital Farms in the 1st quarter valued at about $112,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Vital Farms in the 1st quarter valued at about $130,000. Institutional investors own 98.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VITL. BMO Capital Markets reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Telsey Advisory Group raised their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Mizuho lifted their target price on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $48.20.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $50.95, for a total transaction of $244,356.20. Following the completion of the sale, the insider directly owned 43,332 shares of the company's stock, valued at approximately $2,207,765.40. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 16,700 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.11, for a total transaction of $770,037.00. Following the completion of the transaction, the chief executive officer owned 702,476 shares of the company's stock, valued at approximately $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,901 shares of company stock valued at $4,141,052 in the last quarter. Insiders own 21.30% of the company's stock.

Vital Farms Stock Down 2.3%

Vital Farms stock traded down $1.22 during trading hours on Thursday, hitting $51.19. The stock had a trading volume of 479,597 shares, compared to its average volume of 1,000,224. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. The stock's 50-day moving average price is $40.91 and its 200-day moving average price is $35.65. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $53.13. The stock has a market capitalization of $2.29 billion, a P/E ratio of 45.75 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, beating the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The firm had revenue of $184.77 million during the quarter, compared to analysts' expectations of $170.28 million. During the same period in the previous year, the company earned $0.36 earnings per share. The firm's quarterly revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.