Freedom Investment Management Inc. Increases Stake in Vital Farms, Inc. $VITL

Key Points

• Freedom Investment Management Inc. increased its position in Vital Farms by 41.8% during Q1, owning approximately 0.06% of the company valued at $786,000.
• Vital Farms reported $0.36 EPS for the last quarter, exceeding estimates by $0.09, and achieved a 25.4% year-over-year revenue growth.
• Analysts have a consensus Buy rating for Vital Farms, with price targets ranging from $48.20 to $60.00, reflecting optimism about the company's stock performance.

Freedom Investment Management Inc. raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,782 shares of the company's stock after acquiring an additional 7,603 shares during the period. Freedom Investment Management Inc. owned approximately 0.06% of Vital Farms worth $786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in Vital Farms by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company's stock valued at $2,298,000 after acquiring an additional 337 shares during the period. US Bancorp DE lifted its stake in shares of 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 during the period. Stifel Financial Corp lifted its stake in shares of Vital Farms by 6.8% in the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after purchasing an additional 518 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of 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 during the period. Finally, Dakota Wealth Management lifted its stake in shares of Vital Farms by 8.4% in the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company's stock valued at $240,000 after purchasing an additional 611 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho boosted their target price on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. DA Davidson upped their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Stifel Nicolaus increased their target price on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Telsey Advisory Group increased their target price 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. Finally, Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the company a "buy" rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $48.20.

Insider Buying and Selling

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.95, for a total value of $244,356.20. Following the transaction, the insider directly owned 43,332 shares of the company's stock, valued at approximately $2,207,765.40. The trade was a 9.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 16,700 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $46.11, for a total transaction of $770,037.00. Following the completion of the transaction, the chief executive officer directly owned 702,476 shares in the company, valued at $32,391,168.36. This represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,901 shares of company stock worth $4,141,052 in the last ninety days. Insiders own 21.30% of the company's stock.

Vital Farms Stock Down 0.6%

Shares of NASDAQ VITL traded down $0.29 during midday trading on Friday, hitting $51.09. The company's stock had a trading volume of 952,879 shares, compared to its average volume of 1,216,786. The business's fifty day simple moving average is $41.52 and its two-hundred day simple moving average is $35.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $53.13. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 45.62 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $170.28 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm's quarterly revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. On average, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

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.