Trillium Asset Management LLC Sells 6,639 Shares of Vital Farms, Inc. $VITL

Trillium Asset Management LLC trimmed its position in Vital Farms, Inc. (NASDAQ:VITL) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,472 shares of the company’s stock after selling 6,639 shares during the period. Trillium Asset Management LLC owned approximately 0.19% of Vital Farms worth $3,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp boosted its stake in Vital Farms by 19.8% in the second quarter. Sigma Planning Corp now owns 18,764 shares of the company’s stock valued at $723,000 after acquiring an additional 3,097 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in Vital Farms in the second quarter valued at approximately $1,209,000. Assetmark Inc. boosted 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 acquiring an additional 501 shares in the last quarter. Emerald Advisers LLC boosted its stake in Vital Farms by 3.8% in the second quarter. Emerald Advisers LLC now owns 1,015,225 shares of the company’s stock valued at $39,106,000 after acquiring an additional 37,028 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in Vital Farms in the second quarter valued at approximately $7,665,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Trading Down 4.5%

NASDAQ:VITL opened at $35.67 on Thursday. Vital Farms, Inc. has a 12 month low of $27.91 and a 12 month high of $53.13. The firm has a fifty day simple moving average of $42.75 and a 200-day simple moving average of $39.31. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.59 billion, a P/E ratio of 27.02 and a beta of 0.86.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) 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 20.92%. The firm had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $191.35 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue was up 37.2% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Vital Farms

In related news, insider Joanne Bal sold 4,796 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.95, for a total transaction of $244,356.20. Following the completion of the transaction, the insider owned 43,332 shares of the company’s stock, valued at $2,207,765.40. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00. Following the transaction, the chief executive officer directly owned 685,776 shares of the company’s stock, valued at approximately $32,450,920.32. This trade represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 437,868 shares of company stock worth $21,679,784. 21.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. DA Davidson raised their target price on shares of Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Zacks Research upgraded shares of Vital Farms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 price objective on shares of Vital Farms in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. Finally, 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. 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.com, the company currently has a consensus rating of “Buy” and an average target price of $49.80.

Vital Farms Profile

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.