Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 3.38MM shares of Vital Farms, Inc. (VITL). This represents 8.3% of the company.
In their previous filing dated February 4, 2022 they reported 2.91MM shares and 7.20% of the company, an increase in shares of 16.02% and an increase in total ownership of 1.10% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 1.43% Upside
As of February 3, 2023, the average one-year price target for Vital Farms is $17.92. The forecasts range from a low of $14.64 to a high of $23.10. The average price target represents an increase of 1.43% from its latest reported closing price of $17.67.
The projected annual revenue for Vital Farms is $444MM, an increase of 34.94%. The projected annual EPS is $0.22.
Fund Sentiment
There are 290 funds or institutions reporting positions in Vital Farms. This is an increase of 3 owner(s) or 1.05%.
Average portfolio weight of all funds dedicated to US:VITL is 0.0511%, an increase of 14.7986%. Total shares owned by institutions decreased in the last three months by 0.97% to 30,423K shares.
What are large shareholders doing?
Alliancebernstein holds 2,343,628 shares representing 5.75% ownership of the company. In it's prior filing, the firm reported owning 2,375,527 shares, representing a decrease of 1.36%. The firm increased its portfolio allocation in VITL by 21.14% over the last quarter.
Bank Of America holds 1,659,605 shares representing 4.07% ownership of the company. In it's prior filing, the firm reported owning 1,907,270 shares, representing a decrease of 14.92%. The firm increased its portfolio allocation in VITL by 25.04% over the last quarter.
Amazon Com holds 1,603,230 shares representing 3.94% ownership of the company. No change in the last quarter.
QUASX - AB Small Cap Growth Portfolio holds 1,421,034 shares representing 3.49% ownership of the company. In it's prior filing, the firm reported owning 1,453,214 shares, representing a decrease of 2.26%. The firm increased its portfolio allocation in VITL by 19.87% over the last quarter.
William Blair Investment Management holds 1,276,752 shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 1,211,999 shares, representing an increase of 5.07%. The firm increased its portfolio allocation in VITL by 53.70% over the last quarter.
Vital Farms Background Information
(This description is provided by the company.)
Vital Farms, a Certified B Corporation, offers a range of ethically produced pasture-raised foods nationwide. Started on a single farm in Austin, Texas, in 2007, Vital Farms is now a national consumer brand that works with over 200 small family farms and is the leading U.S. brand of pasture-raised eggs and butter by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' pasture-raised products, including shell eggs, butter, hard-boiled eggs, ghee, egg bites and liquid whole eggs, are sold in over 16,000 stores nationwide.
This story originally appeared on Fintel.
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