Headlands Technologies LLC Boosts Stock Position in Vital Farms, Inc. $VITL

Headlands Technologies LLC increased its position in Vital Farms, Inc. (NASDAQ:VITL) by 98.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 141,844 shares of the company’s stock after buying an additional 70,233 shares during the quarter. Headlands Technologies LLC’s holdings in Vital Farms were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of Vital Farms during the 4th quarter valued at $25,000. Quarry LP purchased a new position in shares of Vital Farms in the fourth quarter valued at about $27,000. Global Retirement Partners LLC boosted its stake in shares of Vital Farms by 4,382.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,031 shares of the company’s stock worth $33,000 after acquiring an additional 1,008 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Vital Farms in the third quarter worth about $55,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Vital Farms by 225.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,452 shares of the company’s stock worth $46,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen lifted their target price on Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Benchmark raised shares of Vital Farms from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Craig Hallum cut shares of Vital Farms from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Friday, May 8th. Wall Street Zen cut shares of Vital Farms from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Finally, DA Davidson lowered their target price on shares of Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a report 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.18.

Vital Farms Price Performance

NASDAQ:VITL opened at $10.68 on Tuesday. The business’s 50-day moving average is $12.09 and its 200 day moving average is $13.64. Vital Farms, Inc. has a 12 month low of $7.95 and a 12 month high of $52.79. The company has a market capitalization of $458.49 million, a P/E ratio of -267.00 and a beta of 1.07. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11.

Vital Farms (NASDAQ:VITL) last released 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). Vital Farms had a return on equity of 3.46% and a net margin of 0.02%.The business had revenue of $166.03 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Vital Farms, Inc. will post -0.48 earnings per share for the current fiscal year.

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.