Park Avenue Securities LLC Invests $308,000 in Vital Farms, Inc. $VITL

Key Points

• Park Avenue Securities LLC recently acquired a new position in Vital Farms, investing approximately $308,000 for 8,006 shares during the second quarter.
• Several brokerages have raised their price targets for Vital Farms, with Lake Street Capital setting a target of $60.00 and confirming a "buy" rating.
• Insiders have sold a total of 404,401 shares of Vital Farms stock in the last ninety days, with notable sales from CEO Russell Diez-Canseco and insider Joanne Bal.

Park Avenue Securities LLC purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,006 shares of the company's stock, valued at approximately $308,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock valued at $2,298,000 after purchasing an additional 337 shares in the last quarter. US Bancorp DE lifted its holdings in Vital Farms by 36.2% in the 1st quarter. US Bancorp DE now owns 1,929 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Vital Farms by 6.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock valued at $257,000 after purchasing an additional 521 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of Vital Farms by 8.4% during the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company's stock worth $240,000 after acquiring an additional 611 shares during the period. Finally, CWM LLC lifted its holdings in shares of Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after acquiring an additional 650 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VITL. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the stock a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Telsey Advisory Group increased their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. BMO Capital Markets increased their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Finally, Mizuho increased their price objective 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. Twelve analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $49.80.

Insider Activity at Vital Farms

In related news, insider Joanne Bal sold 4,796 shares of Vital Farms 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 sale, the insider directly owned 43,332 shares in the company, valued at $2,207,765.40. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 16,700 shares of Vital Farms stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $47.32, for a total transaction of $790,244.00. Following the sale, the chief executive officer owned 685,776 shares in the company, valued at approximately $32,450,920.32. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,401 shares of company stock valued at $20,512,230 in the last ninety days. Company insiders own 21.30% of the company's stock.

Vital Farms Stock Performance

Vital Farms stock opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The company has a market cap of $1.84 billion, a PE ratio of 36.72 and a beta of 0.94. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $53.13. The company has a fifty day moving average price of $45.13 and a two-hundred day moving average price of $37.96.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results 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 analysts' expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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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