Nordea Investment Management AB Has $2.87 Million Holdings in Vital Farms, Inc. $VITL

Nordea Investment Management AB raised its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,220 shares of the company’s stock after buying an additional 2,323 shares during the quarter. Nordea Investment Management AB’s holdings in Vital Farms were worth $2,872,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Vital Farms by 17.8% during the first quarter. Wellington Management Group LLP now owns 2,863,872 shares of the company’s stock worth $87,262,000 after buying an additional 432,848 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Vital Farms by 1,453.0% during the first quarter. American Century Companies Inc. now owns 1,243,467 shares of the company’s stock worth $37,888,000 after buying an additional 1,163,399 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company’s stock worth $36,855,000 after buying an additional 37,614 shares during the last quarter. Emerald Advisers LLC lifted its holdings in shares of Vital Farms by 13.2% during the first quarter. Emerald Advisers LLC now owns 978,197 shares of the company’s stock worth $29,806,000 after buying an additional 113,874 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Vital Farms by 20.0% during the first quarter. Jupiter Asset Management Ltd. now owns 754,283 shares of the company’s stock worth $22,983,000 after buying an additional 125,574 shares during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on VITL shares. Zacks Research upgraded Vital Farms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. BMO Capital Markets upped their target price on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Telsey Advisory Group upped their target price on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cowen restated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. Finally, Weiss Ratings lowered Vital Farms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $49.80.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 145,000 shares of Vital Farms stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $51.98, for a total value of $7,537,100.00. Following the sale, the insider owned 6,582,070 shares of the company’s stock, valued at approximately $342,135,998.60. This trade represents a 2.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 16,700 shares of Vital Farms stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $47.32, for a total value of $790,244.00. Following the completion of the sale, the chief executive officer directly owned 685,776 shares in the company, valued at approximately $32,450,920.32. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 407,868 shares of company stock worth $20,692,884. Company insiders own 21.30% of the company’s stock.

Vital Farms Price Performance

Vital Farms stock opened at $38.28 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $53.13. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 34.18 and a beta of 0.92. The business’s 50-day simple moving average is $45.66 and its 200 day simple moving average is $39.07.

Vital Farms (NASDAQ:VITL) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $170.28 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.