Deutsche Bank AG Acquires 9,229 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Deutsche Bank AG lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,204 shares of the company's stock after purchasing an additional 9,229 shares during the period. Deutsche Bank AG owned about 0.57% of Vital Farms worth $9,430,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Vital Farms in the fourth quarter valued at approximately $699,000. Barclays PLC raised its stake in Vital Farms by 57.3% in the 3rd quarter. Barclays PLC now owns 95,444 shares of the company's stock valued at $3,347,000 after acquiring an additional 34,758 shares during the period. Vanguard Group Inc. raised its stake in Vital Farms by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock valued at $84,307,000 after acquiring an additional 87,980 shares during the period. Vontobel Holding Ltd. bought a new stake in Vital Farms in the 4th quarter valued at about $298,000. Finally, Geode Capital Management LLC raised its stake in Vital Farms by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 761,380 shares of the company's stock valued at $28,703,000 after acquiring an additional 11,721 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on VITL. BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. William Blair restated an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. DA Davidson lowered their price objective 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 raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a report on Friday, February 28th. Finally, Morgan Stanley reduced their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $44.63.

Vital Farms Price Performance

VITL stock traded down $1.29 during mid-day trading on Tuesday, reaching $34.70. 633,900 shares of the company traded hands, compared to its average volume of 1,026,888. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The company has a market capitalization of $1.55 billion, a P/E ratio of 30.98 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 $32.87 and a 200-day moving average price of $35.03.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.29% and a net margin of 8.68%. The company had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Vital Farms's revenue was up 9.7% on a year-over-year basis. As a group, analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions at Vital Farms

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the business's stock in a transaction dated 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 approximately $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total value of $589,200.00. Following the transaction, the insider now directly owns 6,970,890 shares of the company's stock, valued at $205,362,419.40. The trade was a 0.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,124 shares of company stock valued at $3,019,308. 27.60% of the stock is owned by corporate insiders.

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.