Vital Farms, Inc. $VITL Holdings Trimmed by Credit Agricole S A

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 position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 15.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,483 shares of the company's stock after selling 12,377 shares during the period. Credit Agricole S A owned about 0.16% of Vital Farms worth $2,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Vital Farms by 18.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 75,083 shares of the company's stock worth $2,830,000 after acquiring an additional 11,730 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Vital Farms during the 4th quarter worth approximately $207,000. First Trust Advisors LP purchased a new stake in shares of Vital Farms during the 4th quarter worth approximately $4,620,000. Dimensional Fund Advisors LP boosted its stake in shares of Vital Farms by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 901,537 shares of the company's stock worth $33,978,000 after acquiring an additional 59,397 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Vital Farms by 6.2% during the 4th quarter. MetLife Investment Management LLC now owns 20,035 shares of the company's stock worth $755,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.95, for a total value of $244,356.20. Following the completion of the transaction, the insider directly owned 43,332 shares of the company's stock, valued at $2,207,765.40. This represents a 9.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Ohayer sold 4,200 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $50.25, for a total transaction of $211,050.00. Following the transaction, the insider directly owned 6,827,070 shares in the company, valued at $343,060,267.50. The trade was a 0.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,901 shares of company stock worth $4,141,052 in the last quarter. 21.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VITL. Telsey Advisory Group boosted their price target on Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, August 8th. Mizuho upped their target price on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. DA Davidson upped their target price on Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus upped their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Vital Farms currently has an average rating of "Buy" and an average price target of $48.20.

Vital Farms Trading Down 0.7%

Shares of Vital Farms stock traded down $0.37 during trading hours on Friday, reaching $51.02. 183,199 shares of the company's stock were exchanged, compared to its average volume of 997,578. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $53.13. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 45.55 and a beta of 0.94. The company has a fifty day moving average of $41.22 and a 200-day moving average of $35.76. 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 (NASDAQ:VITL - Get Free Report) last released 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 return on equity of 18.40% and a net margin of 7.84%.The business 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 firm posted $0.36 EPS. The business's revenue for the quarter was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

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.