Wellington Management Group LLP Has $87.26 Million Stock Position in Vital Farms, Inc. $VITL

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 boosted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 17.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,863,872 shares of the company's stock after acquiring an additional 432,848 shares during the period. Wellington Management Group LLP owned 6.43% of Vital Farms worth $87,262,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Vital Farms by 53.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock valued at $706,000 after buying an additional 8,049 shares during the period. Vontobel Holding Ltd. grew its holdings 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 buying an additional 521 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Vital Farms by 25.2% in the 4th quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock valued at $3,188,000 after buying an additional 17,017 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Vital Farms in the 4th quarter valued at $1,114,000. Finally, Arizona State Retirement System grew its holdings in shares of Vital Farms by 7.7% in the 1st quarter. Arizona State Retirement System now owns 9,407 shares of the company's stock valued at $287,000 after buying an additional 672 shares during the period. Institutional investors and hedge funds own 98.59% of the company's stock.

Insider Activity

In other news, SVP Stephanie Coon sold 10,005 shares of the company's stock in a transaction dated 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 approximately $2,112,700.85. This represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Diez-Canseco sold 16,700 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 702,476 shares in the company, valued at approximately $32,391,168.36. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,905 shares of company stock valued at $3,685,646 in the last 90 days. 21.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VITL. Stifel Nicolaus boosted their price target on shares of 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 boosted their price objective 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. Mizuho boosted their price objective on shares of Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. DA Davidson boosted their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $48.20.

Vital Farms Stock Performance

Shares of VITL stock traded up $0.75 on Friday, reaching $50.94. The stock had a trading volume of 880,772 shares, compared to its average volume of 1,198,217. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. The firm's 50-day moving average is $39.84 and its two-hundred day moving average is $35.32. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 45.48 and a beta of 0.94. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $51.55.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results 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 company 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%. Vital Farms's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. On average, research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal 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.