Mirova Acquires 5,565 Shares of Vital Farms, Inc. $VITL

Key Points

• Mirova increased its stake in Vital Farms, Inc. by 51.1%, owning 16,465 shares valued at approximately $502,000 as of its latest SEC filing.
• Numerous institutional investors have significantly enhanced their holdings, with notable increases such as Caitong International Asset Management raising its position by 20,650.0%.
• The company recently reported earnings of $0.36 per share, surpassing estimates, and had a 25.4% year-over-year revenue increase, totaling $184.77 million.

Mirova raised its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 51.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,465 shares of the company's stock after buying an additional 5,565 shares during the quarter. Mirova's holdings in Vital Farms were worth $502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VITL. Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 11,730 shares in the last quarter. Guggenheim Capital LLC acquired a new position in Vital Farms in the fourth quarter worth $207,000. First Trust Advisors LP bought a new stake in shares of Vital Farms during the fourth quarter worth $4,620,000. Dimensional Fund Advisors LP raised its position in shares of Vital Farms by 7.1% during the fourth 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 during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Vital Farms by 6.2% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VITL shares. Stifel Nicolaus upped their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Mizuho upped their price objective on Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. BMO Capital Markets reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. DA Davidson upped their price objective 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, Telsey Advisory Group increased their target price on Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Vital Farms presently has a consensus rating of "Buy" and an average price target of $48.20.

Vital Farms Trading Down 2.0%

VITL traded down $1.03 during midday trading on Thursday, hitting $51.38. 856,208 shares of the company were exchanged, compared to its average volume of 1,002,784. The firm has a market capitalization of $2.30 billion, a P/E ratio of 45.88 and a beta of 0.94. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $53.13. The firm's 50 day moving average price is $40.91 and its 200-day moving average price is $35.65. 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 earnings per share (EPS) 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 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 firm's revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the completion of the sale, the insider directly owned 6,858,890 shares of the company's stock, valued at approximately $268,662,721.30. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Stephanie Coon sold 10,005 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total value of $461,730.75. Following the sale, the senior vice president directly owned 45,779 shares of the company's stock, valued at $2,112,700.85. This represents a 17.94% decrease in their ownership of the stock. 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. Company insiders own 21.30% of the company's stock.

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.