Bank of America Corp DE Lowers Position in Vital Farms, Inc. (NASDAQ:VITL)

Bank of America Corp DE decreased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 571,212 shares of the company's stock after selling 74,416 shares during the period. Bank of America Corp DE owned 1.30% of Vital Farms worth $21,529,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VITL. CIBC Private Wealth Group LLC increased its holdings in shares of 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 buying an additional 540 shares during the last quarter. US Bancorp DE grew its position in Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Vital Farms during the fourth quarter valued at about $59,000. Principal Securities Inc. increased its stake in 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 acquiring an additional 380 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Vital Farms by 191.2% in the 4th quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after purchasing an additional 1,191 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VITL. DA Davidson dropped their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research report on Friday, February 28th. Telsey Advisory Group restated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vital Farms has an average rating of "Buy" and a consensus price target of $44.63.

Vital Farms Stock Performance

Shares of VITL opened at $35.99 on Tuesday. The firm has a market capitalization of $1.60 billion, a PE ratio of 32.13 and a beta of 0.94. 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 firm has a 50-day moving average price of $32.87 and a 200 day moving average price of $35.03. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $48.41.

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

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 4,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the sale, the insider now directly owns 6,966,890 shares in the company, valued at $218,690,677.10. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,124 shares of company stock worth $3,019,308. 27.60% of the stock is owned by corporate insiders.

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.

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