Prime Capital Investment Advisors LLC Sells 3,731 Shares of Vital Farms, Inc. $VITL

Prime Capital Investment Advisors LLC lowered its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 38.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,946 shares of the company’s stock after selling 3,731 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Vital Farms were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VITL. Caitong International Asset Management Co. Ltd raised its stake in shares of Vital Farms by 20,650.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,660 shares of the company’s stock worth $51,000 after purchasing an additional 1,652 shares in the last quarter. US Bancorp DE raised its stake in shares of Vital Farms by 36.2% during the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. CWM LLC raised its stake 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 period. Comerica Bank raised its stake in Vital Farms by 63.2% in the 1st quarter. Comerica Bank now owns 4,049 shares of the company’s stock valued at $123,000 after acquiring an additional 1,568 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in Vital Farms in the 1st quarter valued at $130,000. Institutional investors own 98.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VITL. DA Davidson increased their price target on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Cowen restated a “buy” rating on shares of Vital Farms in a research note on Thursday, September 18th. Lake Street Capital set a $60.00 price target on Vital Farms and gave the company a “buy” rating in a research note on Friday, August 8th. Telsey Advisory Group increased their price target on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, BMO Capital Markets increased their price target on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.80.

Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 9,667 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $44.39, for a total transaction of $429,118.13. Following the sale, the chief executive officer directly owned 666,109 shares of the company’s stock, valued at approximately $29,568,578.51. This represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Ohayer sold 100,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $50.96, for a total value of $5,096,000.00. Following the sale, the insider directly owned 6,482,070 shares in the company, valued at approximately $330,326,287.20. This trade represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 412,868 shares of company stock valued at $20,894,584. Company insiders own 21.30% of the company’s stock.

Vital Farms Stock Performance

Shares of NASDAQ VITL opened at $43.40 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.48 and a quick ratio of 2.10. The stock’s fifty day moving average price is $46.04 and its two-hundred day moving average price is $38.69. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 38.75 and a beta of 0.92.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating 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 analyst estimates of $170.28 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS 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.