Trillium Asset Management LLC Takes $820,000 Position in Vital Farms, Inc. $VITL

Trillium Asset Management LLC acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,479 shares of the company’s stock, valued at approximately $820,000. Trillium Asset Management LLC owned about 0.16% of Vital Farms as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VITL. Triumph Capital Management acquired a new stake in shares of Vital Farms during the 4th quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Vital Farms in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC boosted its position 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 valued at $33,000 after purchasing an additional 1,008 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Vital Farms during the 3rd quarter valued at approximately $55,000. Finally, PNC Financial Services Group Inc. grew its stake in Vital Farms by 225.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after buying an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VITL. Benchmark raised Vital Farms from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Mizuho set a $20.00 price target on shares of Vital Farms in a research report on Monday, May 4th. DA Davidson dropped their price objective on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. William Blair reiterated a “market perform” rating on shares of Vital Farms in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Vital Farms from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.18.

Vital Farms Stock Performance

VITL stock opened at $10.57 on Friday. The company has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $14.39. The company has a market capitalization of $453.77 million, a P/E ratio of -264.25 and a beta of 1.07. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. Vital Farms, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $53.13.

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

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.