Vital Farms, Inc. $VITL Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 32.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,479 shares of the company’s stock after acquiring an additional 69,500 shares during the period. First Eagle Investment Management LLC owned about 0.64% of Vital Farms worth $10,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Vital Farms by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after acquiring an additional 337 shares in the last quarter. Assetmark Inc. increased its holdings in Vital Farms by 18.9% during the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after purchasing an additional 501 shares during the last quarter. US Bancorp DE raised its position 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 in the last quarter. Dakota Wealth Management boosted its stake in shares of Vital Farms by 8.4% during the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company’s stock valued at $240,000 after buying an additional 611 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of 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 buying an additional 650 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Vital Farms from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Zacks Research raised shares of Vital Farms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. DA Davidson increased their price target 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. Cowen reiterated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $50.00 price objective on shares of Vital Farms in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat, Vital Farms presently has an average rating of “Buy” and an average price target of $49.80.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 9,667 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $44.39, for a total value of $429,118.13. Following the sale, the chief executive officer owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. This trade represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joanne Bal sold 4,796 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total value of $244,356.20. Following the completion of the sale, the insider directly owned 43,332 shares in the company, valued at $2,207,765.40. This represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 437,868 shares of company stock worth $21,679,784. 21.30% of the stock is currently owned by company insiders.

Vital Farms Trading Down 2.3%

NASDAQ VITL opened at $34.68 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.65. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13. The company has a 50-day simple moving average of $42.11 and a 200-day simple moving average of $39.29. The firm has a market capitalization of $1.55 billion, a PE ratio of 26.27 and a beta of 0.86.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The firm had revenue of $198.94 million for the quarter, compared to analyst estimates of $191.35 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. Vital Farms’s quarterly revenue was up 37.2% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share 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.