Trexquant Investment LP Has $6.46 Million Holdings in Vital Farms, Inc. $VITL

Key Points

• Trexquant Investment LP reduced its stake in Vital Farms, Inc. by 22.3%, now holding 212,024 shares valued at approximately $6.46 million.
• Analyst ratings for Vital Farms have improved, with several firms raising their price targets, including Mizuho's target increase to $53.00, resulting in a consensus rating of "Buy" and an average target price of $48.20.
• Vital Farms reported a 25.4% increase in revenue year-over-year, achieving $184.77 million for the quarter, surpassing analysts' expectations.

Trexquant Investment LP decreased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,024 shares of the company's stock after selling 60,758 shares during the period. Trexquant Investment LP owned approximately 0.48% of Vital Farms worth $6,460,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Vital Farms by 17.8% in the first 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. lifted its position in Vital Farms by 1,453.0% in the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company's stock worth $37,888,000 after purchasing an additional 1,163,399 shares during the period. Principal Financial Group Inc. boosted its stake in Vital Farms by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after purchasing an additional 37,614 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Vital Farms by 13.2% during the 1st 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 period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Vital Farms by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 901,537 shares of the company's stock worth $33,978,000 after buying an additional 59,397 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VITL. DA Davidson lifted their target price on Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, August 11th. BMO Capital Markets raised 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. Stifel Nicolaus lifted their price target on 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 upped their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Lake Street Capital set a $60.00 price target on Vital Farms and gave the stock a "buy" rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $49.80.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 16,700 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total value of $770,037.00. Following the transaction, the chief executive officer directly owned 702,476 shares in the company, valued at $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $38.97, for a total value of $46,764.00. Following the sale, the chief financial officer owned 56,187 shares in the company, valued at approximately $2,189,607.39. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 348,901 shares of company stock valued at $16,791,152 over the last 90 days. Company insiders own 21.30% of the company's stock.

Vital Farms Stock Performance

VITL stock traded down $2.63 during trading on Wednesday, reaching $49.27. 1,157,485 shares of the stock were exchanged, compared to its average volume of 1,005,412. The stock has a 50 day simple moving average of $42.11 and a 200-day simple moving average of $36.10. 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 company has a market capitalization of $2.20 billion, a P/E ratio of 43.99 and a beta of 0.94. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $53.13.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $170.28 million. During the same period in the prior year, the company posted $0.36 earnings per share. Vital Farms's revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side 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.