Impact Investors Inc Buys New Shares in Vital Farms, Inc. (NASDAQ:VITL)

Impact Investors Inc purchased a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL) during the fourth quarter, HoldingsChannel reports. The fund purchased 24,672 shares of the company’s stock, valued at approximately $930,000.

A number of other hedge funds have also recently made changes to their positions in VITL. Principal Financial Group Inc. grew its holdings in Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company’s stock valued at $44,172,000 after buying an additional 516,139 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vital Farms by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 749,659 shares of the company’s stock valued at $26,296,000 after buying an additional 31,187 shares in the last quarter. Emerald Advisers LLC lifted its holdings 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 acquiring an additional 364,837 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Vital Farms by 93.9% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 531,676 shares of the company’s stock worth $18,646,000 after acquiring an additional 257,492 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Vital Farms during the third quarter valued at approximately $16,464,000. Institutional investors own 98.59% of the company’s stock.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.19, for a total transaction of $1,036,560.00. Following the transaction, the insider now owns 7,014,890 shares in the company, valued at $302,973,099.10. This trade represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joanne Bal sold 28,246 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.10, for a total transaction of $1,273,894.60. Following the completion of the sale, the insider now directly owns 59,371 shares of the company’s stock, valued at approximately $2,677,632.10. The trade was a 32.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,202 shares of company stock worth $7,855,957 in the last ninety days. Company insiders own 27.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VITL. Craig Hallum assumed coverage on shares of Vital Farms in a research note on Friday, December 20th. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus upped their target price on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Vital Farms in a research note on Tuesday, February 18th. Finally, TD Cowen lifted their price objective on Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Vital Farms currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.57.

Vital Farms Trading Down 0.8 %

Vital Farms stock opened at $32.06 on Wednesday. Vital Farms, Inc. has a 52 week low of $16.52 and a 52 week high of $48.41. The stock has a 50-day moving average price of $39.05 and a 200 day moving average price of $35.68. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.63 and a beta of 0.90.

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.