State of Wyoming Purchases Shares of 137,445 Vital Farms, Inc. $VITL

State of Wyoming acquired a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 137,445 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Vital Farms by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 2,845,714 shares of the company’s stock worth $90,892,000 after purchasing an additional 530,008 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Vital Farms by 13.7% during the fourth quarter. Wasatch Advisors LP now owns 2,687,246 shares of the company’s stock worth $85,831,000 after buying an additional 324,725 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Vital Farms by 1,998.7% during the first quarter. Van Berkom & Associates Inc. now owns 2,261,533 shares of the company’s stock worth $31,933,000 after buying an additional 2,153,775 shares in the last quarter. Principal Financial Group Inc. grew its position in Vital Farms by 41.6% in the first quarter. Principal Financial Group Inc. now owns 2,153,008 shares of the company’s stock worth $30,400,000 after buying an additional 632,537 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Vital Farms by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 2,047,955 shares of the company’s stock worth $65,412,000 after buying an additional 26,150 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Stock Down 1.3%

Vital Farms stock opened at $10.87 on Thursday. Vital Farms, Inc. has a twelve month low of $7.95 and a twelve month high of $53.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10. The firm has a market cap of $466.65 million, a PE ratio of -271.75 and a beta of 1.07. The firm’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $14.54.

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

Analyst Upgrades and Downgrades

VITL has been the topic of several research reports. Mizuho set a $20.00 price target on Vital Farms in a report on Monday, May 4th. Weiss Ratings lowered Vital Farms from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Vital Farms from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Morgan Stanley set a $10.00 target price on Vital Farms in a research report on Friday, May 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $15.00 target price on shares of Vital Farms in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.18.

Vital Farms 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.