Taylor Frigon Capital Management LLC Has $1.27 Million Stock Holdings in Vital Farms, Inc. $VITL

Taylor Frigon Capital Management LLC lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 129.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,972 shares of the company’s stock after purchasing an additional 50,718 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Vital Farms were worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VITL. Royal Bank of Canada boosted its holdings in shares of Vital Farms by 89.2% during the 1st quarter. Royal Bank of Canada now owns 19,381 shares of the company’s stock worth $591,000 after buying an additional 9,136 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Vital Farms by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,057 shares of the company’s stock valued at $611,000 after acquiring an additional 1,108 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Vital Farms by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,420 shares of the company’s stock valued at $12,658,000 after acquiring an additional 13,397 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Vital Farms during the 1st quarter valued at $1,073,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Vital Farms by 1.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 89,893 shares of the company’s stock valued at $2,739,000 after acquiring an additional 1,198 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Price Performance

Shares of VITL opened at $12.32 on Thursday. Vital Farms, Inc. has a 12-month low of $7.95 and a 12-month high of $53.13. The business’s fifty day moving average is $10.59 and its 200 day moving average is $18.29. The company has a quick ratio of 1.00, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The stock has a market cap of $527.91 million, a P/E ratio of 11.85 and a beta of 1.07.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). The business had revenue of $187.16 million during the quarter, compared to analyst estimates of $182.40 million. Vital Farms had a net margin of 6.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Sell-side analysts anticipate that Vital Farms, Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VITL has been the subject of a number of research reports. Mizuho set a $20.00 price target on shares of Vital Farms in a report on Monday, May 4th. Telsey Advisory Group lowered shares of Vital Farms from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Friday, May 8th. TD Cowen cut shares of Vital Farms from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $16.00 in a research report on Wednesday, April 8th. Needham & Company LLC reduced their target price on Vital Farms from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Jefferies Financial Group set a $13.00 target price on Vital Farms in a research note on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.08.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Stephanie Coon bought 5,895 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $8.42 per share, with a total value of $49,635.90. Following the completion of the transaction, the insider directly owned 62,314 shares in the company, valued at approximately $524,683.88. The trade was a 10.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph Michael Holland bought 12,484 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $99,872.00. Following the acquisition, the insider directly owned 38,150 shares in the company, valued at $305,200. The trade was a 48.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 38,700 shares of company stock valued at $320,864 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

About Vital Farms

Vital Farms, traded on the NASDAQ under the symbol VITL, is a U.S.-based food company specializing in pasture-raised egg and dairy products. The company partners with a network of family farms across the United States to produce eggs, butter and related items under a certified humane, pasture-centric farming model. Vital Farms’ supply chain emphasizes animal welfare, environmental stewardship and transparent sourcing, appealing to consumers seeking ethically produced, high-quality ingredients.

Founded in 2007 and headquartered in Austin, Texas, Vital Farms began by marketing pasture-raised eggs to health- and ethically minded shoppers.