Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by FIL Ltd

FIL Ltd trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,029 shares of the company's stock after selling 15,111 shares during the quarter. FIL Ltd's holdings in Vital Farms were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VITL. CIBC Private Wealth Group LLC raised its stake in 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 buying an additional 540 shares during the last quarter. US Bancorp DE raised its position in shares of 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 purchasing an additional 872 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Vital Farms in the 4th quarter worth approximately $59,000. Mendota Financial Group LLC purchased a new stake in Vital Farms during the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. increased its stake in Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Performance

Shares of NASDAQ:VITL traded down $0.04 during trading on Friday, hitting $32.99. 681,845 shares of the stock traded hands, compared to its average volume of 1,039,256. 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 fifty day moving average price of $32.30 and a two-hundred day moving average price of $35.53. Vital Farms, Inc. has a 52-week low of $24.75 and a 52-week high of $48.41. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 29.46 and a beta of 0.96.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. As a group, equities analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00. Following the completion of the sale, the insider now directly owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now directly owns 703,736 shares of the company's stock, valued at $23,708,865.84. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,124 shares of company stock valued at $3,271,548. 27.60% of the stock is owned by company insiders.

Analyst Ratings Changes

VITL has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Craig Hallum started coverage on Vital Farms in a research note on Friday, December 20th. They set a "buy" rating and a $50.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $52.00 price objective on shares of Vital Farms in a research note on Thursday, March 13th. 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, William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $43.13.

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.