Cibc World Market Inc. Takes $12.97 Million Position in Vital Farms, Inc. $VITL

Cibc World Market Inc. bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,115,643 shares of the company’s stock, valued at approximately $12,975,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VITL. Van Berkom & Associates Inc. acquired a new stake in Vital Farms during the 4th quarter worth about $3,442,000. Principal Financial Group Inc. raised its stake in shares of Vital Farms by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,520,471 shares of the company’s stock worth $48,564,000 after purchasing an additional 142,790 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vital Farms by 22.9% during the fourth 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 during the period. Pictet Asset Management Holding SA boosted its position in Vital Farms by 79.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,173,263 shares of the company’s stock valued at $37,474,000 after buying an additional 519,369 shares during the last quarter. Finally, Mawer Investment Management Ltd. purchased a new stake in Vital Farms in the fourth quarter valued at approximately $6,901,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Vital Farms Trading Up 4.8%

Shares of NASDAQ:VITL opened at $11.08 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13. The business has a 50 day moving average of $12.06 and a two-hundred day moving average of $14.19. The company has a market capitalization of $475.66 million, a PE ratio of -277.00 and a beta of 1.07.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting analysts’ consensus estimates of ($0.47). The business had revenue of $166.03 million for the quarter, compared to analysts’ expectations of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. As a group, analysts forecast that Vital Farms, Inc. will post -0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VITL shares. William Blair reissued a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. DA Davidson cut their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. TD Cowen raised their target price on shares of Vital Farms from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $15.00 target price on shares of Vital Farms in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.18.

About Vital Farms

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.