Centiva Capital LP bought a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,831 shares of the company's stock, valued at approximately $408,000.
Other large investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its holdings in Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE raised its holdings in Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Vital Farms in the 4th quarter valued at $59,000. Mendota Financial Group LLC acquired a new position in Vital Farms in the 4th quarter valued at $62,000. Finally, Principal Securities Inc. raised its holdings in Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 98.59% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VITL. Morgan Stanley dropped their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. DA Davidson decreased their price target on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research note on Friday, February 28th. BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, William Blair reiterated an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $44.63.
View Our Latest Research Report on Vital Farms
Vital Farms Price Performance
VITL stock traded up $0.79 during midday trading on Friday, reaching $35.04. 295,824 shares of the stock were exchanged, compared to its average volume of 1,024,168. The stock has a market capitalization of $1.56 billion, a PE ratio of 31.37 and a beta of 0.94. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $48.41. The company has a fifty day moving average price of $32.71 and a 200 day moving average price of $35.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.
Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. During the same quarter in the previous year, the company posted $0.43 EPS. The business's revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.
Insider Buying and Selling at Vital Farms
In related news, CEO Russell Diez-Canseco sold 45,124 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at $23,708,865.84. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the sale, the insider now directly owns 6,942,890 shares of the company's stock, valued at $226,893,645.20. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,124 shares of company stock worth $3,019,308. Insiders own 27.60% of the company's stock.
Vital Farms Company Profile
(
Free Report)
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.
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