Segall Bryant & Hamill LLC Has $11.77 Million Stock Holdings in Vital Farms, Inc. $VITL

Segall Bryant & Hamill LLC lifted its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 100.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,645 shares of the company’s stock after purchasing an additional 153,065 shares during the period. Segall Bryant & Hamill LLC owned about 0.68% of Vital Farms worth $11,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Vital Farms by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after acquiring an additional 337 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Vital Farms by 18.9% during the second quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after purchasing an additional 501 shares during the period. US Bancorp DE lifted its holdings in shares of Vital Farms by 36.2% during the first quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the period. CWM LLC grew its stake in shares of Vital Farms by 43.2% in the first quarter. CWM LLC now owns 2,154 shares of the company’s stock worth $66,000 after purchasing an additional 650 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in Vital Farms by 8.7% in the second quarter. Dakota Wealth Management now owns 8,541 shares of the company’s stock valued at $329,000 after purchasing an additional 680 shares during the period. Institutional investors own 98.59% of the company’s stock.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 145,000 shares of Vital Farms stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $51.98, for a total value of $7,537,100.00. Following the completion of the sale, the insider directly owned 6,582,070 shares of the company’s stock, valued at approximately $342,135,998.60. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of the stock in a transaction dated 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 in the company, valued at $32,450,920.32. This trade represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 401,367 shares of company stock worth $19,952,362 in the last quarter. 21.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VITL has been the topic of several recent research reports. Benchmark started coverage on Vital Farms in a report on Thursday, November 13th. They set a “buy” rating and a $60.00 target price on the stock. Zacks Research downgraded Vital Farms from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Cowen reiterated a “buy” rating on shares of Vital Farms in a report on Thursday, September 18th. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Finally, Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the stock a “buy” rating in a research report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.70.

Vital Farms Stock Up 0.3%

Shares of NASDAQ:VITL opened at $32.06 on Friday. Vital Farms, Inc. has a 1 year low of $28.87 and a 1 year high of $53.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.15. The business’s 50-day moving average is $38.67 and its 200-day moving average is $39.18. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.29 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 for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Vital Farms had a return on equity of 20.19% and a net margin of 8.50%.The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. Equities research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.