Northern Trust Corp Has $10.58 Million Stock Position in Vital Farms, Inc. $VITL

Key Points

• Northern Trust Corp increased its position in Vital Farms shares by 3.6%, owning approximately $10.58 million worth of the company's stock.
• Several analysts have raised their price targets for Vital Farms, with a consensus rating of "Buy" and an average price target of $49.80.
• Vital Farms reported strong quarterly earnings with $0.36 EPS, exceeding analysts' estimates and showing a 25.4% revenue increase year-over-year.

Northern Trust Corp raised its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,089 shares of the company's stock after purchasing an additional 11,972 shares during the period. Northern Trust Corp owned approximately 0.78% of Vital Farms worth $10,576,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in Vital Farms by 20,650.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock valued at $51,000 after purchasing an additional 1,652 shares in the last quarter. US Bancorp DE increased its holdings in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company's stock worth $59,000 after buying an additional 513 shares in the last quarter. CWM LLC increased its holdings in shares of Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after buying an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Vital Farms during the first quarter worth $112,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Vital Farms during the first quarter worth $130,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho upped their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Telsey Advisory Group upped their price target on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets upped their price target on shares of Vital Farms from $50.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday. 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 report on Monday, August 11th. Finally, Stifel Nicolaus increased 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. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $49.80.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $51.12 on Friday. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $42.88 and a two-hundred day moving average price of $36.43. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $53.13. The company has a market cap of $2.28 billion, a P/E ratio of 45.64 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share 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 firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same period last year, the business posted $0.36 EPS. The business's revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other Vital Farms news, SVP Stephanie Coon sold 10,005 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the sale, the senior vice president directly owned 45,779 shares in the company, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joanne Bal sold 4,796 shares of the 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 transaction, the insider directly owned 43,332 shares in the company, valued at $2,207,765.40. This trade represents a 9.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 348,901 shares of company stock worth $16,791,152. 21.30% of the stock is owned by insiders.

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.

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