Vital Farms, Inc. (NASDAQ:VITL) Shares Purchased by American Century Companies Inc.

Posted by on Jun 8th, 2023

American Century Companies Inc. increased its position in Vital Farms, Inc. (NASDAQ:VITL – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,247,258 shares of the company’s stock after acquiring an additional 36,606 shares during the period. American Century Companies Inc. owned approximately 3.06% of Vital Farms worth $18,609,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings 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 lifted its position in Vital Farms by 70.1% in the 1st quarter. Bank of New York Mellon Corp now owns 146,342 shares of the company’s stock valued at $1,809,000 after purchasing an additional 60,322 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Vital Farms by 51.1% in the 1st quarter. MetLife Investment Management LLC now owns 14,443 shares of the company’s stock worth $179,000 after buying an additional 4,886 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Vital Farms by 14.5% during the first quarter. Rhumbline Advisers now owns 23,290 shares of the company’s stock valued at $288,000 after purchasing an additional 2,954 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Vital Farms by 0.7% in the first quarter. BlackRock Inc. now owns 2,932,077 shares of the company’s stock valued at $36,238,000 after acquiring an additional 21,215 shares in the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on VITL. Lake Street Capital began coverage on shares of Vital Farms in a report on Friday, March 24th. They set a “buy” rating and a $22.00 target price for the company. Stifel Nicolaus began coverage on shares of Vital Farms in a research note on Thursday, April 13th. They issued a “buy” rating and a $18.00 price target on the stock. Credit Suisse Group upped their price target on Vital Farms from $14.50 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, March 10th. Needham & Company LLC assumed coverage on Vital Farms in a research report on Thursday, April 13th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group increased their target price on Vital Farms from $14.50 to $16.00 and gave the stock a “neutral” rating in a report on Monday, March 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.17.

Vital Farms Stock Up 1.2 %

NASDAQ:VITL opened at $14.79 on Thursday. The company has a market cap of $604.17 million, a PE ratio of 67.23 and a beta of 0.72. The stock has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $15.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.55 and a current ratio of 3.22. Vital Farms, Inc. has a 52-week low of $7.89 and a 52-week high of $18.18.

Vital Farms (NASDAQ:VITL – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. Vital Farms had a return on equity of 6.28% and a net margin of 2.46%. The company had revenue of $119.17 million during the quarter, compared to analysts’ expectations of $101.51 million. On average, sell-side analysts expect that Vital Farms, Inc. will post 0.36 EPS for the current fiscal year.

Vital Farms Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Vital Farms (NASDAQ:VITL)

Receive News & Ratings for Vital Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Farms and related companies with MarketBeat.com's FREE daily email newsletter.