Corient Private Wealth LP Makes New $1.75 Million Investment in Vital Farms, Inc. $VITL

Corient Private Wealth LP bought a new stake in Vital Farms, Inc. (NASDAQ:VITL) in the second quarter, HoldingsChannel reports. The fund bought 150,656 shares of the company’s stock, valued at approximately $1,752,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VITL. Triumph Capital Management bought a new stake in shares of Vital Farms in the fourth quarter worth about $25,000. Freestone Grove Partners LP bought a new position in shares of Vital Farms during the 2nd quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Vital Farms in the 2nd quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of Vital Farms in the 4th quarter valued at approximately $27,000. Finally, Global Retirement Partners LLC increased its stake in Vital Farms by 4,382.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after purchasing an additional 1,008 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Down 0.2%

VITL stock opened at $10.10 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The stock has a market capitalization of $433.59 million, a P/E ratio of -252.50 and a beta of 1.05. Vital Farms, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $51.93. The business has a 50-day moving average of $12.05 and a 200-day moving average of $13.27.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.47). The business had revenue of $166.03 million for the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.Vital Farms’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, sell-side analysts anticipate that Vital Farms, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VITL. Zacks Research upgraded shares of Vital Farms from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Morgan Stanley set a $10.00 price target on shares of Vital Farms in a report on Friday, May 8th. DA Davidson lowered their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Jefferies Financial Group set a $13.00 price objective on shares of Vital Farms in a research report on Tuesday, June 30th. Finally, William Blair restated a “market perform” rating on shares of Vital Farms in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vital Farms currently has an average rating of “Hold” and an average target price of $17.18.

Vital Farms 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.