Invesco Ltd. Has $5.76 Million Position in Vital Farms, Inc. $VITL

Key Points

• Invesco Ltd. reduced its stake in Vital Farms by 17.5%, holding 189,122 shares worth approximately $5.76 million after selling 40,057 shares in the first quarter.
• Vital Farms saw significant institutional interest, with 98.59% of the stock owned by institutional investors and hedge funds, including considerable increases in holdings from various funds during the same quarter.
• Analysts have a positive outlook on Vital Farms, with eleven analysts giving it a "Buy" rating and setting a consensus price target of $48.20, reflecting a series of price increases from multiple financial institutions.

Invesco Ltd. trimmed its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 17.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,122 shares of the company's stock after selling 40,057 shares during the period. Invesco Ltd. owned 0.42% of Vital Farms worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its position in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after buying an additional 513 shares during the last quarter. CWM LLC boosted its stake in Vital Farms by 43.2% in the first quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after acquiring an additional 650 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Vital Farms during the first quarter valued at approximately $112,000. Hanson & Doremus Investment Management acquired a new stake in shares of Vital Farms during the 1st quarter worth approximately $130,000. Finally, GAMMA Investing LLC raised its position in shares of Vital Farms by 2,059.4% during the 1st quarter. GAMMA Investing LLC now owns 6,003 shares of the company's stock worth $197,000 after purchasing an additional 5,725 shares during the period. 98.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Vital Farms Price Performance

Vital Farms stock traded down $0.29 during mid-day trading on Monday, hitting $51.09. The company's stock had a trading volume of 952,879 shares, compared to its average volume of 1,232,397. The stock has a market capitalization of $2.28 billion, a P/E ratio of 45.62 and a beta of 0.93. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $53.13. The stock's fifty day moving average price is $41.81 and its two-hundred day moving average price is $35.99. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. Research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

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

About Vital Farms

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.