SG Americas Securities LLC lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL – Get Rating) by 62.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,542 shares of the company’s stock after acquiring an additional 18,686 shares during the quarter. SG Americas Securities LLC’s holdings in Vital Farms were worth $581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in VITL. Swiss National Bank boosted its stake in shares of Vital Farms by 6.7% during the 1st quarter. Swiss National Bank now owns 38,100 shares of the company’s stock worth $471,000 after acquiring an additional 2,400 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Vital Farms by 70.1% during the 1st quarter. Bank of New York Mellon Corp now owns 146,342 shares of the company’s stock worth $1,809,000 after acquiring an additional 60,322 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Vital Farms by 51.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,443 shares of the company’s stock worth $179,000 after acquiring an additional 4,886 shares during the period. Rhumbline Advisers boosted its stake in shares of Vital Farms by 14.5% during the 1st quarter. Rhumbline Advisers now owns 23,290 shares of the company’s stock worth $288,000 after acquiring an additional 2,954 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Vital Farms by 0.7% during the 1st quarter. BlackRock Inc. now owns 2,932,077 shares of the company’s stock worth $36,238,000 after acquiring an additional 21,215 shares during the period. 62.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on VITL. Morgan Stanley boosted their price target on Vital Farms from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, November 4th. TheStreet upgraded Vital Farms from a “d+” rating to a “c-” rating in a research note on Thursday, December 8th. The Goldman Sachs Group boosted their price target on Vital Farms from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Monday, November 14th. Finally, UBS Group began coverage on Vital Farms in a research note on Friday, September 30th. They issued a “buy” rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Vital Farms currently has an average rating of “Hold” and an average price target of $15.60.
Vital Farms Price Performance
Vital Farms (NASDAQ:VITL – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $92.04 million during the quarter, compared to analysts’ expectations of $88.66 million. Vital Farms had a negative return on equity of 2.80% and a negative net margin of 1.29%. On average, equities analysts expect that Vital Farms, Inc. will post 0.06 EPS for the current year.
Vital Farms Company Profile
Vital Farms, Inc, an ethical food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms, Inc was founded in 2007 and is headquartered in Austin, Texas.
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