Inspire Investing LLC Boosts 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 lifted its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 248.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,460 shares of the company's stock after buying an additional 26,708 shares during the period. Inspire Investing LLC owned approximately 0.08% of Vital Farms worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VITL. Wellington Management Group LLP raised its position in shares of Vital Farms by 17.8% during the 1st quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company's stock valued at $87,262,000 after acquiring an additional 432,848 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Vital Farms by 1,453.0% in the 1st quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock worth $37,888,000 after buying an additional 1,163,399 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vital Farms by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after buying an additional 37,614 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Vital Farms by 13.2% during the first quarter. Emerald Advisers LLC now owns 978,197 shares of the company's stock valued at $29,806,000 after purchasing an additional 113,874 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of Vital Farms by 20.0% in the first quarter. Jupiter Asset Management Ltd. now owns 754,283 shares of the company's stock worth $22,983,000 after buying an additional 125,574 shares during the period. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Stock Performance

Shares of VITL stock traded down $0.01 on Tuesday, hitting $47.05. The company's stock had a trading volume of 817,723 shares, compared to its average volume of 1,008,585. The company has a market capitalization of $2.10 billion, a PE ratio of 42.01 and a beta of 0.94. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $53.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The stock's 50 day moving average is $43.91 and its 200-day moving average is $37.07.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VITL shares. Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the company a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus raised their price target 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. DA Davidson raised their target price on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets upped their target price on shares of Vital Farms from $50.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Vital Farms currently has a consensus rating of "Buy" and a consensus target price of $49.80.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 16,700 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $47.32, for a total value of $790,244.00. Following the sale, the chief executive officer owned 685,776 shares in the company, valued at $32,450,920.32. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stephanie Coon sold 10,005 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 45,779 shares of the company's stock, valued at $2,112,700.85. The trade was a 17.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 434,401 shares of company stock valued at $21,687,330. 21.30% of the stock is currently owned by corporate insiders.

About Vital Farms

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.