Kings Path Partners LLC Boosts Position in Vital Farms, Inc. (NASDAQ:VITL)

Kings Path Partners LLC boosted its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,140 shares of the company’s stock after purchasing an additional 6,040 shares during the quarter. Kings Path Partners LLC owned approximately 0.05% of Vital Farms worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VITL. Van ECK Associates Corp lifted its position in shares of Vital Farms by 8.6% in the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock valued at $192,000 after acquiring an additional 323 shares in the last quarter. CWM LLC lifted its holdings in Vital Farms by 162.9% in the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after purchasing an additional 655 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Vital Farms by 66.7% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock worth $94,000 after purchasing an additional 800 shares during the last quarter. Quarry LP grew its holdings in shares of Vital Farms by 180.4% during the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $60,000 after buying an additional 830 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Vital Farms in the second quarter valued at approximately $42,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Stock Performance

Shares of NASDAQ:VITL opened at $39.77 on Friday. The firm has a market capitalization of $1.71 billion, a PE ratio of 37.52 and a beta of 0.97. Vital Farms, Inc. has a 12 month low of $10.41 and a 12 month high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.03. The business has a 50-day moving average of $33.09 and a two-hundred day moving average of $34.98.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Vital Farms had a net margin of 8.70% and a return on equity of 22.77%. The firm had revenue of $147.39 million for the quarter, compared to analyst estimates of $138.41 million. During the same quarter last year, the firm posted $0.15 earnings per share. Vital Farms’s revenue for the quarter was up 38.5% compared to the same quarter last year. As a group, research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $39.58, for a total transaction of $949,920.00. Following the completion of the sale, the insider now directly owns 7,266,777 shares of the company’s stock, valued at approximately $287,619,033.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VITL. TD Cowen upgraded shares of Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, August 9th. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reduced their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.