Vital Farms, Inc. $VITL Shares Acquired by Renaissance Group LLC

Renaissance Group LLC lifted its position in Vital Farms, Inc. (NASDAQ:VITL) by 30.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,531 shares of the company’s stock after acquiring an additional 50,770 shares during the period. Renaissance Group LLC owned 0.48% of Vital Farms worth $8,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Vital Farms by 20,650.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company’s stock worth $51,000 after buying an additional 1,652 shares in the last quarter. US Bancorp DE grew its stake in Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock valued at $59,000 after acquiring an additional 513 shares in the last quarter. CWM LLC raised its holdings in Vital Farms by 43.2% in the 1st quarter. CWM LLC now owns 2,154 shares of the company’s stock valued at $66,000 after acquiring an additional 650 shares during the last quarter. Assetmark Inc. lifted its stake in Vital Farms by 18.9% in the 2nd quarter. Assetmark Inc. now owns 3,153 shares of the company’s stock worth $121,000 after purchasing an additional 501 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Vital Farms by 63.2% during the 1st quarter. Comerica Bank now owns 4,049 shares of the company’s stock worth $123,000 after purchasing an additional 1,568 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Performance

Shares of VITL stock opened at $31.69 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.65. The firm has a market cap of $1.42 billion, a P/E ratio of 24.01 and a beta of 0.86. The firm’s 50 day moving average price is $39.63 and its 200-day moving average price is $39.28. Vital Farms, Inc. has a one year low of $28.41 and a one year high of $53.13.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. Vital Farms had a net margin of 8.50% and a return on equity of 20.19%. The firm had revenue of $198.94 million during the quarter, compared to the consensus estimate of $191.35 million. During the same quarter last year, the firm earned $0.16 EPS. 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. As a group, equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the sale, the insider directly owned 6,417,070 shares in the company, valued at $242,436,904.60. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 9,667 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $44.39, for a total transaction of $429,118.13. Following the completion of the transaction, the chief executive officer directly owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. The trade was a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 410,363 shares of company stock worth $20,407,768. 21.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VITL has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Mizuho raised their target price on Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Cowen reiterated a “buy” rating on shares of Vital Farms in a report on Thursday, September 18th. BMO Capital Markets upped their price objective on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Finally, Lake Street Capital set a $60.00 target price on shares of Vital Farms and gave the stock a “buy” rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vital Farms has an average rating of “Moderate Buy” and an average target price of $51.70.

About Vital Farms

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.