Jacobs Levy Equity Management Inc. Cuts Holdings in Vital Farms, Inc. $VITL

Jacobs Levy Equity Management Inc. reduced its position in Vital Farms, Inc. (NASDAQ:VITL) by 57.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,384 shares of the company’s stock after selling 85,841 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Vital Farms were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Vital Farms by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,420 shares of the company’s stock worth $2,298,000 after buying an additional 337 shares during the period. US Bancorp DE raised its position in shares of Vital Farms by 36.2% in the 1st quarter. US Bancorp DE now owns 1,929 shares of the company’s stock worth $59,000 after buying an additional 513 shares during the period. Stifel Financial Corp raised its position in shares of Vital Farms by 6.8% in the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company’s stock worth $306,000 after buying an additional 518 shares during the period. Vontobel Holding Ltd. raised its position in shares of Vital Farms by 6.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock worth $257,000 after buying an additional 521 shares during the period. Finally, Dakota Wealth Management raised its position in shares of Vital Farms by 8.4% in the 1st quarter. Dakota Wealth Management now owns 7,861 shares of the company’s stock worth $240,000 after buying an additional 611 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vital Farms

In related news, insider Joanne Bal sold 4,796 shares of the business’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 completion of the sale, the insider directly owned 43,332 shares of the company’s stock, valued at $2,207,765.40. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Ohayer sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 6,482,070 shares in the company, valued at approximately $330,326,287.20. This represents a 1.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 447,701 shares of company stock valued at $21,848,836. Company insiders own 21.30% of the company’s stock.

Vital Farms Stock Down 0.7%

Shares of NASDAQ VITL opened at $47.10 on Thursday. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $53.13. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 42.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The stock’s 50-day simple moving average is $43.36 and its 200-day simple moving average is $36.68.

Vital Farms (NASDAQ:VITL) last announced 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 business had revenue of $184.77 million for the quarter, compared to analyst estimates of $170.28 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Vital Farms has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Lake Street Capital set a $60.00 target price on Vital Farms and gave the stock a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets raised their price objective on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. DA Davidson raised their price objective on Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Stifel Nicolaus raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Telsey Advisory Group raised their price objective on Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, Vital Farms currently has an average rating of “Buy” and an average target price of $49.80.

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.