Vital Farms, Inc. $VITL Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Vital Farms, acquiring an additional 432,848 shares, bringing its total ownership to approximately 2.86 million shares, worth about $87.26 million.
• Analysts have raised their price targets for Vital Farms, with Telsey Advisory Group setting a new target at $50.00 and Mizuho at $53.00, indicating strong market confidence in the company's performance.
• In its most recent earnings report, Vital Farms posted $0.36 earnings per share, exceeding estimates and showing a revenue increase of 25.4% year-over-year, with total revenue of $184.77 million.

Wellington Management Group LLP increased its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,863,872 shares of the company's stock after purchasing an additional 432,848 shares during the quarter. Wellington Management Group LLP owned 6.43% of Vital Farms worth $87,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VITL. Caitong International Asset Management Co. Ltd grew its holdings in 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 purchasing an additional 1,652 shares in the last quarter. US Bancorp DE grew 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 purchasing an additional 513 shares in the last quarter. CWM LLC grew its holdings in Vital Farms by 43.2% during the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after purchasing an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Vital Farms during the 1st quarter valued at $112,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Vital Farms during the 1st quarter valued at $130,000. 98.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VITL has been the subject of a number of recent analyst reports. Telsey Advisory Group raised their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Mizuho increased 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. DA Davidson increased 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. 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. Finally, Stifel Nicolaus increased 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. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $48.20.

Vital Farms Stock Performance

Shares of Vital Farms stock traded up $1.05 during trading hours on Wednesday, reaching $52.28. The company's stock had a trading volume of 294,111 shares, compared to its average volume of 997,861. The company's 50 day simple moving average is $40.57 and its 200 day simple moving average is $35.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $52.63. The stock has a market cap of $2.34 billion, a P/E ratio of 46.43 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted 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. The company had revenue of $184.77 million for the quarter, compared to the consensus estimate of $170.28 million. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The company's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. As a group, analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Vital Farms

In other Vital Farms news, SVP Stephanie Coon sold 10,005 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the transaction, the senior vice president owned 45,779 shares of the company's stock, valued at approximately $2,112,700.85. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joanne Bal sold 4,796 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.95, for a total transaction of $244,356.20. Following the transaction, the insider directly owned 43,332 shares in the company, valued at approximately $2,207,765.40. The trade was a 9.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,901 shares of company stock worth $4,141,052 over the last 90 days. Corporate insiders own 21.30% of the company's stock.

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.