Cygnus Capital Advisors LLC Raises Stake in Vital Farms, Inc. $VITL

Cygnus Capital Advisors LLC increased its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 721.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 232,480 shares of the company’s stock after buying an additional 204,162 shares during the period. Vital Farms accounts for approximately 1.8% of Cygnus Capital Advisors LLC’s portfolio, making the stock its 24th biggest holding. Cygnus Capital Advisors LLC’s holdings in Vital Farms were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Corient Private Wealth LP bought a new position in shares of Vital Farms during the second quarter valued at approximately $1,752,000. California State Teachers Retirement System boosted its position in shares of Vital Farms by 1,032.2% in the 2nd quarter. California State Teachers Retirement System now owns 463,851 shares of the company’s stock worth $5,395,000 after purchasing an additional 422,883 shares in the last quarter. Raiffeisen Bank International AG boosted its position in shares of Vital Farms by 8.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 27,000 shares of the company’s stock worth $305,000 after purchasing an additional 2,000 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Vital Farms in the 2nd quarter worth approximately $292,000. Finally, Headlands Technologies LLC grew its stake in shares of Vital Farms by 98.1% in the 2nd quarter. Headlands Technologies LLC now owns 141,844 shares of the company’s stock worth $1,650,000 after buying an additional 70,233 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VITL. DA Davidson lowered their price objective on Vital Farms from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Stifel Nicolaus set a $11.00 target price on Vital Farms in a research note on Friday, August 7th. TD Cowen raised their price target on Vital Farms from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Vital Farms in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $13.00 price target on shares of Vital Farms in a research note on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.18.

Vital Farms Price Performance

Shares of NASDAQ:VITL opened at $9.92 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 1.10. The firm has a market cap of $425.87 million, a price-to-earnings ratio of -248.00 and a beta of 1.05. The business has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $13.01. Vital Farms, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $51.93.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.47) EPS for the quarter, hitting analysts’ consensus estimates of ($0.47). The firm had revenue of $166.03 million during the quarter, compared to analyst estimates of $160.24 million. Vital Farms had a net margin of 0.02% and a return on equity of 3.46%. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. On average, analysts expect that Vital Farms, Inc. will post -0.48 earnings per share for the current 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.