State of Wyoming Acquires New Position in Vital Farms, Inc. $VITL

Key Points

• State of Wyoming acquired 137,445 Vital Farms shares in the second quarter, worth approximately $275,000 and representing about 0.32% of the company. Institutional investors collectively own 98.59% of VITL.
• Vital Farms shares opened at $10.87, below their 50-day and 200-day moving averages. The stock has traded between $7.95 and $53.13 over the past year.
• The company reported quarterly revenue of $166.03 million, ahead of expectations, but revenue fell 10.2% year over year and EPS was negative $0.47. Analysts maintain a consensus “Hold” rating with a $17.18 price target.

State of Wyoming acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 137,445 shares of the company's stock, valued at approximately $275,000. State of Wyoming owned approximately 0.32% of Vital Farms as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van Berkom & Associates Inc. increased its holdings in shares of Vital Farms by 1,998.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company's stock valued at $31,933,000 after acquiring an additional 2,153,775 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Vital Farms by 80.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company's stock valued at $79,921,000 after acquiring an additional 923,507 shares in the last quarter. William Blair Investment Management LLC bought a new position in Vital Farms during the fourth quarter worth $25,534,000. Balyasny Asset Management L.P. lifted its stake in Vital Farms by 466.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 503,894 shares of the company's stock worth $16,094,000 after purchasing an additional 641,394 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Vital Farms by 41.6% during the first quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company's stock worth $30,400,000 after purchasing an additional 632,537 shares during the last quarter. Institutional investors own 98.59% of the company's stock.

Vital Farms Trading Down 1.3%

Vital Farms stock opened at $10.87 on Thursday. The firm has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $14.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The stock has a market capitalization of $466.65 million, a PE ratio of -271.75 and a beta of 1.07. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting the consensus estimate of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to analysts' expectations of $160.24 million. Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.The firm's quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts expect that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

VITL has been the subject of several recent research reports. Jefferies Financial Group set a $13.00 target price on shares of Vital Farms in a research note on Tuesday, June 30th. Mizuho set a $20.00 price target on shares of Vital Farms in a report on Monday, May 4th. DA Davidson decreased their price target on shares of Vital Farms from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, August 7th. BMO Capital Markets reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Vital Farms in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Vital Farms from a "hold" rating to a "strong sell" rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Vital Farms presently has a consensus rating of "Hold" and a consensus price target of $17.18.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms' supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.

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