GSA Capital Partners LLP Invests $1.82 Million in Vital Farms, Inc. $VITL

GSA Capital Partners LLP purchased a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the second quarter, HoldingsChannel reports. The institutional investor purchased 156,795 shares of the company’s stock, valued at approximately $1,824,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Van Berkom & Associates Inc. acquired a new position in Vital Farms during the 4th quarter worth approximately $3,442,000. Principal Financial Group Inc. boosted its position in Vital Farms by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,520,471 shares of the company’s stock valued at $48,564,000 after buying an additional 142,790 shares in the last quarter. Impax Asset Management Group plc boosted its position in Vital Farms by 119.4% in the fourth quarter. Impax Asset Management Group plc now owns 238,915 shares of the company’s stock valued at $7,631,000 after buying an additional 130,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vital Farms by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after buying an additional 530,008 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Vital Farms by 79.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,173,263 shares of the company’s stock worth $37,474,000 after buying an additional 519,369 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Vital Farms Price Performance

Vital Farms stock opened at $10.90 on Monday. The stock’s 50 day moving average is $12.02 and its 200 day moving average is $14.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. The firm has a market cap of $467.94 million, a P/E ratio of -272.50 and a beta of 1.07. Vital Farms, Inc. has a one year low of $7.95 and a one year high of $53.13.

Vital Farms (NASDAQ:VITL) last announced its earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, meeting the consensus estimate of ($0.47). The business had revenue of $166.03 million for the quarter, compared to analysts’ expectations of $160.24 million. Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.The firm’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, research analysts expect that Vital Farms, Inc. will post -0.48 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VITL shares. Benchmark upgraded shares of Vital Farms from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Mizuho set a $20.00 price objective on Vital Farms in a research report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating and set a $15.00 price objective on shares of Vital Farms in a research report on Friday, August 7th. Jefferies Financial Group set a $13.00 target price on Vital Farms in a report on Tuesday, June 30th. Finally, Zacks Research upgraded Vital Farms from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vital Farms presently has a consensus rating of “Hold” and an average price target of $17.18.

Vital Farms Company Profile

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.