Northern Trust Corp Buys 11,972 Shares of Vital Farms, Inc. $VITL

Northern Trust Corp lifted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 3.6% during the first quarter, Holdings Channel.com reports. The firm owned 347,089 shares of the company’s stock after acquiring an additional 11,972 shares during the period. Northern Trust Corp’s holdings in Vital Farms were worth $10,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Vital Farms by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after purchasing an additional 337 shares in the last quarter. US Bancorp DE boosted its position 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. Stifel Financial Corp boosted its position in shares of Vital Farms by 6.8% during the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock worth $306,000 after purchasing an additional 518 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Vital Farms by 6.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock valued at $257,000 after acquiring an additional 521 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Vital Farms by 8.4% in the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company’s stock valued at $240,000 after acquiring an additional 611 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Price Performance

Vital Farms stock opened at $51.12 on Friday. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $53.13. The company’s 50 day moving average price is $42.88 and its two-hundred day moving average price is $36.43. The company has a quick ratio of 2.10, a current ratio of 2.48 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.28 billion, a P/E ratio of 45.64 and a beta of 0.94.

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

Insider Activity at Vital Farms

In other news, SVP Stephanie Coon sold 10,005 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total transaction of $461,730.75. Following the completion of the sale, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $38.97, for a total transaction of $46,764.00. Following the sale, the chief financial officer owned 56,187 shares of the company’s stock, valued at approximately $2,189,607.39. The trade was a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 348,901 shares of company stock worth $16,791,152 over the last 90 days. Corporate insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson raised their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the company a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets raised their price target on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Telsey Advisory Group raised their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $49.80.

Vital Farms 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.