SG Americas Securities LLC Trims Stake in Vital Farms, Inc. $VITL

SG Americas Securities LLC lessened its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 42.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,224 shares of the company’s stock after selling 10,707 shares during the period. SG Americas Securities LLC’s holdings in Vital Farms were worth $548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in Vital Farms by 20,650.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company’s stock worth $51,000 after acquiring an additional 1,652 shares during the last quarter. US Bancorp DE grew its holdings in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. CWM LLC raised its stake in Vital Farms by 43.2% in the first 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. Assetmark Inc. raised its stake in Vital Farms by 18.9% in the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock valued at $121,000 after purchasing an additional 501 shares in the last quarter. Finally, Comerica Bank lifted its position in Vital Farms by 63.2% during the first quarter. Comerica Bank now owns 4,049 shares of the company’s stock valued at $123,000 after purchasing an additional 1,568 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 16,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total value of $790,244.00. Following the completion of the sale, the chief executive officer owned 685,776 shares in the company, valued at approximately $32,450,920.32. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 145,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $51.98, for a total transaction of $7,537,100.00. Following the sale, the insider directly owned 6,582,070 shares of the company’s stock, valued at $342,135,998.60. The trade was a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 401,367 shares of company stock worth $19,952,362 over the last ninety days. Insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the topic of a number of research analyst reports. Zacks Research lowered shares of Vital Farms from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Benchmark began coverage on shares of Vital Farms in a research report on Thursday, November 13th. They issued a “buy” rating and a $60.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Vital Farms in a research report on Tuesday. DA Davidson upped their price objective on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Cowen reiterated a “buy” rating on shares of Vital Farms in a research report on Thursday, September 18th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Vital Farms presently has an average rating of “Moderate Buy” and a consensus target price of $51.20.

Vital Farms Stock Performance

Vital Farms stock opened at $32.12 on Thursday. The firm has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $39.12. The company has a quick ratio of 2.15, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a twelve month low of $28.87 and a twelve month high of $53.13. The company has a market capitalization of $1.44 billion, a PE ratio of 24.33 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 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $191.35 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 37.2% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Research analysts expect 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.