Clean Yield Group Increases Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Clean Yield Group lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 16.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,341 shares of the company's stock after purchasing an additional 9,384 shares during the quarter. Clean Yield Group owned about 0.15% of Vital Farms worth $2,052,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Chatham Capital Group Inc. lifted its position in shares of Vital Farms by 4.7% during the first quarter. Chatham Capital Group Inc. now owns 71,975 shares of the company's stock worth $2,193,000 after purchasing an additional 3,260 shares in the last quarter. Green Alpha Advisors LLC lifted its position in shares of Vital Farms by 15.7% during the first quarter. Green Alpha Advisors LLC now owns 50,458 shares of the company's stock worth $1,537,000 after purchasing an additional 6,831 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Vital Farms by 1.9% during the first quarter. Rhumbline Advisers now owns 47,317 shares of the company's stock worth $1,442,000 after purchasing an additional 885 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vital Farms by 2,059.4% during the first quarter. GAMMA Investing LLC now owns 6,003 shares of the company's stock worth $197,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Vital Farms by 417.8% during the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock worth $91,625,000 after purchasing an additional 1,961,550 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Performance

Shares of VITL opened at $30.88 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock has a market capitalization of $1.38 billion, a P/E ratio of 27.57 and a beta of 0.89. The company's fifty day moving average is $33.41 and its two-hundred day moving average is $35.15. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $164.43 million. During the same period in the previous year, the firm earned $0.43 EPS. The business's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Matthew Ohayer sold 20,000 shares of Vital Farms stock in a transaction dated Wednesday, March 19th. The shares were 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 $205,362,419.40. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms 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 sale, the chief executive officer now owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,124 shares of company stock worth $3,019,308 in the last three months. Corporate insiders own 21.30% of the company's stock.

Wall Street Analyst Weigh In

VITL has been the topic of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Stifel Nicolaus raised shares of 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 issued a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. DA Davidson reduced their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, Morgan Stanley reduced their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vital Farms presently has an average rating of "Buy" and a consensus price target of $44.63.

About Vital Farms

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.

Want to see what other hedge funds are holding VITL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vital Farms, Inc. (NASDAQ:VITL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.