Cygnus Capital Advisors LLC Buys 204,162 Shares of Vital Farms, Inc. $VITL

Cygnus Capital Advisors LLC boosted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 721.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,480 shares of the company’s stock after acquiring an additional 204,162 shares during the quarter. Vital Farms accounts for about 1.8% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Cygnus Capital Advisors LLC owned approximately 0.54% of Vital Farms worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Vital Farms in the second quarter valued at approximately $60,153,000. Van Berkom & Associates Inc. grew its holdings in shares of Vital Farms by 1,998.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock worth $31,933,000 after purchasing an additional 2,153,775 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Vital Farms in the second quarter worth approximately $12,975,000. Wasatch Advisors LP increased its stake in shares of Vital Farms by 80.2% in the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock worth $79,921,000 after buying an additional 923,507 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Vital Farms during the 4th quarter valued at $25,534,000. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Performance

Shares of VITL opened at $9.92 on Tuesday. The company has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The firm has a market capitalization of $425.87 million, a PE ratio of -248.00 and a beta of 1.05. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $51.93.

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

Wall Street Analysts Forecast Growth

VITL has been the subject of several analyst reports. TD Cowen increased their price target on shares of Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Jefferies Financial Group set a $13.00 price objective on shares of Vital Farms in a research report on Tuesday, June 30th. Stifel Nicolaus set a $11.00 price objective on shares of Vital Farms in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Vital Farms from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Zacks Research raised Vital Farms from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vital Farms has an average rating of “Hold” and a consensus price target 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.