4WEALTH Advisors Inc. Purchases Shares of 7,078 Vital Farms, Inc. (NASDAQ:VITL)

4WEALTH Advisors Inc. bought a new position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,078 shares of the company's stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VITL. CIBC Private Wealth Group LLC grew its position in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms in the 4th quarter valued at about $59,000. CWM LLC increased its stake in shares of Vital Farms by 43.2% in the 1st quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after purchasing an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Vital Farms during the 1st quarter worth approximately $112,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Vital Farms during the 1st quarter worth approximately $130,000. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Trading Down 1.3%

Vital Farms stock traded down $0.49 during trading on Monday, hitting $36.91. The company's stock had a trading volume of 653,918 shares, compared to its average volume of 1,020,812. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. The stock's fifty day moving average is $35.21 and its 200 day moving average is $35.24. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 32.96 and a beta of 0.94. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $45.72.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The company had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. During the same period in the prior year, the firm earned $0.43 EPS. Vital Farms's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, CFO Thilo Wrede sold 1,200 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the transaction, the chief financial officer directly owned 56,187 shares of the company's stock, valued at $2,189,607.39. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 30,000 shares of Vital Farms stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the transaction, the insider directly owned 6,858,890 shares in the company, valued at $268,662,721.30. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,400 shares of company stock worth $2,211,930 in the last ninety days. Corporate insiders own 21.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho assumed coverage on Vital Farms in a research report on Tuesday, July 8th. They set an "outperform" rating and a $45.00 price objective on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. Morgan Stanley dropped their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $44.67.

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.