Green Alpha Advisors LLC Invests $559,000 in Vital Farms, Inc. $VITL

Green Alpha Advisors LLC bought a new position in Vital Farms, Inc. (NASDAQ:VITL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,085 shares of the company’s stock, valued at approximately $559,000. Green Alpha Advisors LLC owned about 0.11% of Vital Farms as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Vital Farms by 89.2% in the first quarter. Royal Bank of Canada now owns 19,381 shares of the company’s stock valued at $591,000 after buying an additional 9,136 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Vital Farms by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,057 shares of the company’s stock worth $611,000 after acquiring an additional 1,108 shares during the period. Goldman Sachs Group Inc. lifted its position in Vital Farms by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock valued at $12,658,000 after purchasing an additional 13,397 shares during the last quarter. Woodline Partners LP bought a new stake in Vital Farms in the 1st quarter valued at about $1,073,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vital Farms by 1.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock valued at $2,739,000 after purchasing an additional 1,198 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $10.57 on Friday. The stock’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $14.39. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $453.77 million, a price-to-earnings ratio of -264.25 and a beta of 1.07. Vital Farms, Inc. has a 52-week low of $7.95 and a 52-week high of $53.13.

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

Analyst Ratings Changes

Several equities research analysts have commented on VITL shares. TD Cowen raised their price target on shares of Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $15.00 price objective on shares of Vital Farms in a report on Friday, August 7th. Zacks Research upgraded Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Needham & Company LLC lifted their target price on Vital Farms from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group set a $13.00 price target on Vital Farms in a research note on Tuesday, June 30th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.