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 grew its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 51.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,465 shares of the company's stock after purchasing an additional 5,565 shares during the quarter. Mirova's holdings in Vital Farms were worth $502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock valued at $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. American Century Companies Inc. grew its position in Vital Farms by 1,453.0% in the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock valued at $37,888,000 after purchasing an additional 1,163,399 shares in the last quarter. Nuveen LLC bought a new stake in Vital Farms during the first quarter worth $17,633,000. Lord Abbett & CO. LLC raised its position in Vital Farms by 64.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after acquiring an additional 415,614 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Vital Farms during the first quarter worth $12,207,000. Institutional investors and hedge funds own 98.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VITL. DA Davidson upped their price target on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the stock a "buy" rating in a research report on Friday, August 8th. Mizuho lifted their price objective 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Finally, Telsey Advisory Group lifted their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $48.20.

Vital Farms Price Performance

Shares of NASDAQ:VITL traded down $0.24 during trading on Friday, reaching $51.14. 285,463 shares of the company traded hands, compared to its average volume of 998,244. The company's 50 day moving average is $41.22 and its two-hundred day moving average is $35.76. The firm has a market capitalization of $2.29 billion, a PE ratio of 45.62 and a beta of 0.94. 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.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results 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 firm 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 revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Matthew Ohayer sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total value of $1,175,100.00. Following the sale, the insider owned 6,858,890 shares of the company's stock, valued at $268,662,721.30. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 16,700 shares of Vital Farms stock in a transaction 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 transaction, the chief executive officer directly owned 702,476 shares of the company's stock, valued at $32,391,168.36. This represents a 2.32% 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 ninety days. Insiders own 21.30% of the company's stock.

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.