Vontobel Holding Ltd. Buys 17,387 Shares of Vital Farms, Inc. $VITL

Key Points

• Vontobel Holding Ltd. significantly increased its stake in Vital Farms, Inc. by 206.5% during Q2, purchasing an additional 17,387 shares, bringing its total ownership to about 25,808 shares valued at approximately $994,000.
• Institutional investors own 98.59% of Vital Farms’ stock, indicating strong interest from hedge funds, with several increasing their stakes significantly in recent months.
• Vital Farms reported $0.36 earnings per share for the last quarter, exceeding analysts' expectations, and is projected to have an EPS of 1.11 for the current year.

Vontobel Holding Ltd. increased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 206.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,808 shares of the company's stock after purchasing an additional 17,387 shares during the quarter. Vontobel Holding Ltd. owned about 0.06% of Vital Farms worth $994,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Vital Farms by 53.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock valued at $706,000 after purchasing an additional 8,049 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Vital Farms by 248.4% during the first quarter. Inspire Investing LLC now owns 37,460 shares of the company's stock valued at $1,141,000 after purchasing an additional 26,708 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Vital Farms by 7.7% during the first quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock valued at $287,000 after purchasing an additional 672 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Vital Farms in the first quarter valued at approximately $11,505,000. Finally, Nexpoint Asset Management L.P. bought a new position in Vital Farms in the first quarter valued at approximately $558,000. 98.59% of the stock is owned by institutional investors.

Insider Activity

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the 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 sale, the insider directly owned 43,332 shares in the company, valued at approximately $2,207,765.40. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew Ohayer sold 100,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $50.96, for a total transaction of $5,096,000.00. Following the sale, the insider owned 6,482,070 shares in the company, valued at approximately $330,326,287.20. The trade was a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 412,868 shares of company stock valued at $20,894,584. 21.30% of the stock is currently owned by company insiders.

Vital Farms Trading Down 0.6%

VITL opened at $43.40 on Monday. The firm's fifty day moving average is $46.04 and its two-hundred day moving average is $38.69. 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 firm has a market cap of $1.94 billion, a PE ratio of 38.75 and a beta of 0.92. 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 posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Stifel Nicolaus raised their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Lake Street Capital set a $60.00 price objective on shares of Vital Farms and gave the company a "buy" rating in a research note on Friday, August 8th. Mizuho raised their price objective 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. Finally, Cowen reaffirmed a "buy" rating on shares of Vital Farms in a research note on Thursday, September 18th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.