Spire Wealth Management Sells 4,500 Shares of Vital Farms, Inc. $VITL

Spire Wealth Management cut its stake in shares of Vital Farms, Inc. (NASDAQ:VITL) by 38.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,300 shares of the company’s stock after selling 4,500 shares during the quarter. Spire Wealth Management’s holdings in Vital Farms were worth $281,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Vital Farms by 17.8% during 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 period. American Century Companies Inc. boosted its holdings in Vital Farms by 1,453.0% during 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 period. Principal Financial Group Inc. boosted its holdings in Vital Farms by 3.2% during 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 period. Emerald Advisers LLC boosted its holdings in Vital Farms by 3.8% during the 2nd quarter. Emerald Advisers LLC now owns 1,015,225 shares of the company’s stock valued at $39,106,000 after acquiring an additional 37,028 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Vital Farms by 2.7% in the 2nd quarter. William Blair Investment Management LLC now owns 807,968 shares of the company’s stock worth $31,123,000 after acquiring an additional 21,127 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vital Farms

In related news, insider Matthew Ohayer sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $50.96, for a total transaction of $5,096,000.00. Following the sale, the insider owned 6,482,070 shares of the company’s stock, valued at $330,326,287.20. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell Diez-Canseco sold 9,667 shares of the business’s stock in a transaction dated 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 in the company, valued at $29,568,578.51. The trade was a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 407,868 shares of company stock worth $20,692,884. Insiders own 21.30% of the company’s stock.

Vital Farms Trading Down 2.0%

Shares of VITL opened at $32.18 on Tuesday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.73 and a beta of 0.86. 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’s 50-day moving average price is $43.37 and its 200-day moving average price is $39.30. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $53.13.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $170.28 million. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%.The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VITL. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Stifel Nicolaus raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Lake Street Capital set a $60.00 price target on shares of Vital Farms and gave the stock a “buy” rating in a report on Friday, August 8th. Zacks Research raised shares of Vital Farms from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings raised shares of Vital Farms from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.