Vital Farms, Inc. (NASDAQ:VITL) Shares Purchased by Clean Yield Group

Clean Yield Group boosted its stake in Vital Farms, Inc. (NASDAQ:VITL) by 91.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,957 shares of the company’s stock after acquiring an additional 27,733 shares during the period. Clean Yield Group’s holdings in Vital Farms were worth $2,184,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VITL. City Center Advisors LLC grew its position in Vital Farms by 33.5% in the 4th quarter. City Center Advisors LLC now owns 10,512 shares of the company’s stock valued at $396,000 after acquiring an additional 2,639 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Vital Farms by 98.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 101,606 shares of the company’s stock worth $3,830,000 after acquiring an additional 50,342 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Vital Farms during the 4th quarter worth approximately $2,765,000. JPMorgan Chase & Co. boosted its stake in Vital Farms by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company’s stock valued at $9,343,000 after acquiring an additional 74,593 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock valued at $22,999,000 after purchasing an additional 172,249 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Activity at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,728 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the transaction, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now owns 7,194,777 shares in the company, valued at approximately $281,243,832.93. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,728 shares of company stock worth $3,539,176. 27.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on VITL shares. TD Cowen lifted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Craig Hallum began coverage on Vital Farms in a report on Friday, December 20th. They set a “buy” rating and a $50.00 target price on the stock. Finally, DA Davidson lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Vital Farms currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Vital Farms Trading Up 5.7 %

VITL traded up $2.27 during midday trading on Monday, hitting $42.40. The company’s stock had a trading volume of 2,203,785 shares, compared to its average volume of 905,798. Vital Farms, Inc. has a 52-week low of $14.16 and a 52-week high of $48.41. The firm has a 50-day moving average price of $35.15 and a two-hundred day moving average price of $35.83. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.86 billion, a P/E ratio of 37.86 and a beta of 0.88.

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

Vital Farms Profile

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.