OMERS ADMINISTRATION Corp Takes Position in Vital Farms, Inc. $VITL

Key Points

• OMERS ADMINISTRATION Corp has acquired 52,800 shares of Vital Farms, Inc., valued at approximately $1,609,000, representing 0.12% of the company's stock.
• Vital Farms reported an earnings per share of $0.36 for the latest quarter, surpassing analyst estimates of $0.27, and showed a year-over-year revenue increase of 25.4%.
• Analysts have a consensus rating of "Buy" for Vital Farms, with various institutions increasing their positions significantly, indicating strong institutional support for the stock.

OMERS ADMINISTRATION Corp bought a new stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 52,800 shares of the company's stock, valued at approximately $1,609,000. OMERS ADMINISTRATION Corp owned approximately 0.12% of Vital Farms at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company's stock worth $51,000 after acquiring an additional 1,652 shares during the last quarter. US Bancorp DE lifted 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 acquiring an additional 513 shares during the period. CWM LLC raised its holdings in 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 during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Vital Farms during the first quarter worth $112,000. Finally, Comerica Bank raised its holdings in shares of Vital Farms by 63.2% in the first quarter. Comerica Bank now owns 4,049 shares of the company's stock valued at $123,000 after purchasing an additional 1,568 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Insider Activity

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.95, for a total transaction of $244,356.20. Following the transaction, the insider owned 43,332 shares in the company, valued at approximately $2,207,765.40. This represents a 9.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephanie Coon sold 10,005 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the transaction, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. This represents a 17.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,901 shares of company stock worth $16,791,152. 21.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on VITL shares. Stifel Nicolaus increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Telsey Advisory Group increased their target price 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. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. Mizuho lifted their target price on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, DA Davidson lifted their target price on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Vital Farms has a consensus rating of "Buy" and a consensus target price of $49.80.

Vital Farms Stock Up 4.7%

Shares of NASDAQ:VITL traded up $2.33 during midday trading on Thursday, reaching $51.60. The company's stock had a trading volume of 1,455,501 shares, compared to its average volume of 1,008,092. The firm has a 50 day moving average of $42.35 and a 200-day moving average of $36.20. The firm has a market capitalization of $2.31 billion, a P/E ratio of 46.07 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 12-month low of $27.91 and a 12-month 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, topping analysts' consensus estimates of $0.27 by $0.09. The firm had revenue of $184.77 million for the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company's revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.