Landscape Capital Management L.L.C. Purchases 118,004 Shares of Vital Farms, Inc. $VITL

Key Points

• Landscape Capital Management increased its stake in Vital Farms by 226.9%, owning approximately $5.18 million worth of the stock after acquiring an additional 118,004 shares.
• Several brokerages have recently raised their price targets on Vital Farms, with an average target price now at $48.20 and numerous analysts recommending a "buy" rating.
• In its latest quarterly earnings report, Vital Farms reported a 25.4% year-over-year increase in revenue, with an EPS of $0.36, surpassing analysts' expectations.

Landscape Capital Management L.L.C. increased its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 226.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,018 shares of the company's stock after purchasing an additional 118,004 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.38% of Vital Farms worth $5,180,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VITL. First Trust Advisors LP bought a new position in shares of Vital Farms in the fourth quarter worth $4,620,000. Dimensional Fund Advisors LP grew its position in Vital Farms by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 901,537 shares of the company's stock valued at $33,978,000 after acquiring an additional 59,397 shares during the last quarter. MetLife Investment Management LLC grew its position in Vital Farms by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 20,035 shares of the company's stock valued at $755,000 after acquiring an additional 1,175 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Vital Farms by 21.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,724 shares of the company's stock valued at $291,000 after acquiring an additional 1,370 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Vital Farms by 6.8% in the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 98.59% of the company's stock.

Vital Farms Price Performance

Shares of NASDAQ VITL traded down $0.29 during trading hours on Monday, reaching $51.09. 952,879 shares of the stock traded hands, compared to its average volume of 1,232,397. The company has a market capitalization of $2.28 billion, a P/E ratio of 45.62 and a beta of 0.93. 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, Inc. has a 52-week low of $27.91 and a 52-week high of $53.13. The company's 50-day simple moving average is $41.52 and its two-hundred day simple moving average is $35.88.

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

Insiders Place Their Bets

In other news, CFO Thilo Wrede sold 1,200 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $31.93, for a total transaction of $38,316.00. Following the transaction, the chief financial officer directly owned 57,117 shares of the company's stock, valued at approximately $1,823,745.81. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total value of $770,037.00. Following the transaction, the chief executive officer directly owned 702,476 shares in the company, valued at $32,391,168.36. This trade represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,901 shares of company stock worth $4,141,052. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VITL shares. Stifel Nicolaus lifted their target price on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Mizuho upped their target price on Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Lake Street Capital set a $60.00 price target on Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. DA Davidson upped their price target on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $48.20.

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.