SummitTX Capital L.P. Makes New $1.05 Million Investment in Vital Farms, Inc. $VITL

SummitTX Capital L.P. bought a new position in Vital Farms, Inc. (NASDAQ:VITL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,081 shares of the company’s stock, valued at approximately $1,046,000. SummitTX Capital L.P. owned about 0.17% of Vital Farms at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Vital Farms by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after purchasing an additional 530,008 shares in the last quarter. Wasatch Advisors LP increased its stake in Vital Farms by 13.7% during the 4th quarter. Wasatch Advisors LP now owns 2,687,246 shares of the company’s stock valued at $85,831,000 after purchasing an additional 324,725 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in Vital Farms by 1,998.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock valued at $31,933,000 after purchasing an additional 2,153,775 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vital Farms by 41.6% in the first quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock worth $30,400,000 after buying an additional 632,537 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Vital Farms by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 2,047,955 shares of the company’s stock worth $65,412,000 after buying an additional 26,150 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Trading Down 8.6%

NASDAQ:VITL opened at $12.51 on Friday. The company has a market cap of $536.03 million, a PE ratio of 12.03 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $16.22. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The firm had revenue of $187.16 million for the quarter, compared to the consensus estimate of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. Vital Farms’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. Research analysts forecast that Vital Farms, Inc. will post -0.46 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on VITL. William Blair reissued a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Needham & Company LLC reduced their target price on Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a report on Monday, May 11th. Craig Hallum downgraded Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Friday, May 8th. Mizuho set a $20.00 price objective on Vital Farms in a report on Monday, May 4th. Finally, DA Davidson raised Vital Farms to a “hold” rating in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.08.

Insider Transactions at Vital Farms

In other news, insider Peter Nicholas Pappas bought 3,500 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $8.51 per share, with a total value of $29,785.00. Following the completion of the acquisition, the insider owned 85,169 shares in the company, valued at $724,788.19. The trade was a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephanie Coon bought 5,895 shares of the company’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $8.42 per share, for a total transaction of $49,635.90. Following the completion of the transaction, the insider directly owned 62,314 shares of the company’s stock, valued at approximately $524,683.88. The trade was a 10.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 38,700 shares of company stock worth $320,864 in the last three months. 3.90% of the stock is owned by insiders.

Vital Farms Company Profile

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.