Prime Capital Investment Advisors LLC Has $229,000 Stock Position in Vital Farms, Inc. $VITL

Prime Capital Investment Advisors LLC trimmed its position in Vital Farms, Inc. (NASDAQ:VITL) by 38.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,946 shares of the company’s stock after selling 3,731 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Vital Farms were worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Impact Investors Inc grew its position in shares of Vital Farms by 15.9% during the 2nd quarter. Impact Investors Inc now owns 29,355 shares of the company’s stock worth $1,131,000 after buying an additional 4,027 shares during the period. Truist Financial Corp acquired a new position in shares of Vital Farms during the 2nd quarter worth about $705,000. Union Bancaire Privee UBP SA grew its position in shares of Vital Farms by 115.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 7,979 shares of the company’s stock worth $298,000 after buying an additional 4,269 shares during the period. Campbell Newman Asset Management Inc. grew its position in shares of Vital Farms by 7.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 68,433 shares of the company’s stock worth $2,636,000 after buying an additional 4,543 shares during the period. Finally, Hanson & Doremus Investment Management grew its position in shares of Vital Farms by 43.7% during the 2nd quarter. Hanson & Doremus Investment Management now owns 6,143 shares of the company’s stock worth $237,000 after buying an additional 1,868 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vital Farms

In other Vital Farms news, insider Joanne Bal sold 4,796 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $50.95, for a total value of $244,356.20. Following the sale, the insider owned 43,332 shares in the company, valued at approximately $2,207,765.40. The trade was a 9.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Stephanie Coon sold 10,005 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $46.15, for a total value of $461,730.75. Following the completion of the sale, the senior vice president owned 45,779 shares in the company, valued at $2,112,700.85. The trade was a 17.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,868 shares of company stock worth $20,894,584. 21.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VITL has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. DA Davidson boosted their target price on Vital Farms from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Mizuho boosted their price objective on Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. BMO Capital Markets boosted their price objective on Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Lake Street Capital set a $60.00 price objective on Vital Farms and gave the company a “buy” rating in a research report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.80.

Vital Farms Price Performance

Shares of VITL opened at $43.40 on Monday. The firm has a market capitalization of $1.94 billion, a PE ratio of 38.75 and a beta of 0.92. The stock has a 50 day simple moving average of $46.04 and a 200 day simple moving average of $38.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week 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 the consensus estimate of $0.27 by $0.09. The firm had revenue of $184.77 million for 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 business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Vital Farms has set its FY 2025 guidance at EPS. Sell-side analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

About Vital Farms

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.