Algert Global LLC Sells 39,092 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Algert Global LLC lowered its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,066 shares of the company's stock after selling 39,092 shares during the quarter. Algert Global LLC owned 0.25% of Vital Farms worth $4,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in shares of Vital Farms by 152.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after purchasing an additional 540 shares during the last quarter. US Bancorp DE raised its position in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Vital Farms during the fourth quarter worth $59,000. Mendota Financial Group LLC purchased a new stake in shares of Vital Farms during the fourth quarter worth about $62,000. Finally, Principal Securities Inc. grew its position in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Insider Buying and Selling

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of the company'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 transaction, the chief executive officer now owns 703,736 shares of the company's stock, valued at $23,708,865.84. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now owns 6,966,890 shares in the company, valued at $218,690,677.10. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock valued at $3,019,308 over the last three months. Company insiders own 27.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VITL shares. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Morgan Stanley cut their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a report on Friday, February 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research note on Monday, May 5th. Finally, William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Vital Farms currently has a consensus rating of "Buy" and an average target price of $44.63.

Vital Farms Trading Up 0.4%

Shares of NASDAQ VITL traded up $0.13 during midday trading on Monday, hitting $33.95. The stock had a trading volume of 190,785 shares, compared to its average volume of 1,028,699. 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, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41. The firm has a market cap of $1.51 billion, a P/E ratio of 30.28 and a beta of 0.94. The company's 50-day simple moving average is $32.50 and its 200 day simple moving average is $35.07.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $162.19 million during the quarter, compared to analysts' expectations of $164.43 million. During the same quarter in the previous year, the company earned $0.43 EPS. Vital Farms's revenue was up 9.7% on a year-over-year basis. Research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current year.

Vital Farms Company 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.