Vital Farms, Inc. $VITL Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 26.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,446 shares of the company’s stock after selling 21,560 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of Vital Farms worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

VITL has been the subject of a number of research analyst reports. Mizuho upped their price target on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. 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 research note on Tuesday, September 2nd. DA Davidson upped their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Stifel Nicolaus upped their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Telsey Advisory Group upped their price objective on shares of Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.80.

Insiders Place Their Bets

In other news, insider Joanne Bal sold 4,796 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $50.95, for a total value of $244,356.20. Following the transaction, the insider owned 43,332 shares in the company, valued at $2,207,765.40. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Ohayer sold 145,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 6,582,070 shares in the company, valued at $342,135,998.60. This represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 407,868 shares of company stock worth $20,692,884 over the last quarter. Company insiders own 21.30% of the company’s stock.

Vital Farms Price Performance

VITL stock opened at $38.38 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 34.27 and a beta of 0.92. Vital Farms, Inc. has a one year low of $27.91 and a one year high of $53.13. The company has a current ratio of 2.48, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $45.28 and a two-hundred day moving average of $39.15.

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

Vital Farms Company 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.