Inspire Investing LLC Grows Position in Vital Farms, Inc. $VITL

Key Points

• Inspire Investing LLC increased its position in Vital Farms by 248.4% in the first quarter, acquiring an additional 26,708 shares, bringing its total to 37,460 shares valued at approximately $1.14 million.
• Multiple analysts have raised their price targets for Vital Farms, with Mizuho and BMO Capital Markets setting their targets at $53.00 and $60.00 respectively, indicating a strong buy sentiment from Wall Street.
• Insider transactions included the sale of 100,000 shares by Matthew Ohayer, totaling over $5 million, with insiders selling approximately $21.8 million worth of shares in the last three months.

Inspire Investing LLC increased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 248.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 37,460 shares of the company's stock after acquiring an additional 26,708 shares during the quarter. Inspire Investing LLC owned about 0.08% of Vital Farms worth $1,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 valued at $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE raised its holdings in 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 lifted its position 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 acquiring an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Vital Farms in the first quarter worth $112,000. Finally, Comerica Bank grew its position 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 in the last quarter. Institutional investors own 98.59% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho increased their price objective on Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. DA Davidson increased 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. Cowen reaffirmed a "buy" rating on shares of Vital Farms in a research note on Thursday. 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 note on Friday, August 8th. Finally, Stifel Nicolaus raised their price target 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. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $49.80.

Insider Buying and Selling at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total value of $461,730.75. Following the completion of the sale, the senior vice president owned 45,779 shares of the company's stock, valued at approximately $2,112,700.85. This represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 100,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $50.96, for a total transaction of $5,096,000.00. Following the transaction, the insider directly owned 6,482,070 shares in the company, valued at approximately $330,326,287.20. This represents a 1.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 434,401 shares of company stock valued at $21,687,330. Insiders own 21.30% of the company's stock.

Vital Farms Price Performance

Shares of NASDAQ:VITL traded up $1.12 during trading on Thursday, reaching $45.92. The company had a trading volume of 448,912 shares, compared to its average volume of 1,005,373. The company has a fifty day moving average of $44.18 and a two-hundred day moving average of $37.19. 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 stock has a market capitalization of $2.05 billion, a P/E ratio of 40.96 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.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts forecast 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.