Quantbot Technologies LP Purchases Shares of 80,320 Vital Farms, Inc. $VITL

Quantbot Technologies LP purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 80,320 shares of the company’s stock, valued at approximately $934,000. Quantbot Technologies LP owned about 0.19% of Vital Farms as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VITL. BlackRock Inc. purchased a new position in shares of Vital Farms during the 2nd quarter valued at about $60,153,000. Van Berkom & Associates Inc. boosted its stake in Vital Farms by 1,998.7% in 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. Wasatch Advisors LP grew its position in Vital Farms by 80.2% during the second quarter. Wasatch Advisors LP now owns 2,074,803 shares of the company’s stock valued at $79,921,000 after acquiring an additional 923,507 shares during the last quarter. William Blair Investment Management LLC bought a new position in Vital Farms during the fourth quarter valued at approximately $25,534,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Vital Farms by 466.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 503,894 shares of the company’s stock worth $16,094,000 after acquiring an additional 641,394 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Stock Down 1.5%

Shares of NASDAQ:VITL opened at $10.94 on Thursday. The stock’s 50-day moving average is $12.07 and its 200 day moving average is $13.97. The company has a market cap of $469.65 million, a PE ratio of -273.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 0.60. Vital Farms, Inc. has a 1 year low of $7.95 and a 1 year high of $53.13.

Vital Farms (NASDAQ:VITL) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.47) earnings per share for the quarter, hitting the consensus estimate of ($0.47). The business had revenue of $166.03 million during 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 business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Sell-side analysts anticipate that Vital Farms, Inc. will post -0.48 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on VITL. Weiss Ratings lowered shares of Vital Farms from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Needham & Company LLC boosted their price target on shares of Vital Farms from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD Cowen upped their price target on shares of Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Zacks Research raised Vital Farms from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, DA Davidson decreased their price objective on Vital Farms from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.