Aigen Investment Management LP Invests $397,000 in Vital Farms, Inc. (NASDAQ:VITL)

Aigen Investment Management LP acquired a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,332 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP increased its stake in shares of Vital Farms by 336.8% in the 3rd quarter. Versor Investments LP now owns 31,012 shares of the company’s stock valued at $1,088,000 after purchasing an additional 23,912 shares during the last quarter. Lifestyle Asset Management Inc. grew its position in Vital Farms by 6.5% in the third quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock valued at $345,000 after acquiring an additional 598 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vital Farms by 35.6% during the third quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after acquiring an additional 172,249 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vital Farms by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after acquiring an additional 329 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in shares of Vital Farms by 106.8% in the 3rd quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after purchasing an additional 364,837 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Price Performance

Shares of VITL opened at $28.50 on Friday. The stock’s 50-day moving average price is $34.85 and its two-hundred day moving average price is $36.64. Vital Farms, Inc. has a 12 month low of $12.23 and a 12 month high of $48.41. The company has a market capitalization of $1.25 billion, a PE ratio of 25.45 and a beta of 0.97. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VITL shares. Jefferies Financial Group dropped their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday. DA Davidson raised their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Stifel Nicolaus lowered their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Cowen cut their price target on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. This represents a 7.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by corporate insiders.

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.