Trillium Asset Management LLC Buys New Position in Vital Farms, Inc. $VITL

Trillium Asset Management LLC purchased a new position in Vital Farms, Inc. (NASDAQ:VITL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 70,479 shares of the company’s stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VITL. Triumph Capital Management acquired a new position in shares of Vital Farms in the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in Vital Farms during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its holdings in Vital Farms by 4,382.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 1,008 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Vital Farms in the third quarter worth approximately $55,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Vital Farms by 225.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock valued at $46,000 after buying an additional 1,006 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Vital Farms Stock Performance

Shares of Vital Farms stock opened at $10.57 on Friday. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $53.13. The company has a quick ratio of 0.60, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The stock has a market cap of $453.77 million, a PE ratio of -264.25 and a beta of 1.07. The business has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $14.39.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, meeting the consensus estimate of ($0.47). The firm had revenue of $166.03 million for the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.Vital Farms’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, sell-side analysts anticipate that Vital Farms, Inc. will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VITL shares. Weiss Ratings lowered Vital Farms from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $15.00 target price on shares of Vital Farms in a research report on Friday, August 7th. DA Davidson reduced their target price on Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Needham & Company LLC increased their price target on Vital Farms from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $11.00 price target on Vital Farms in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.18.

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.