Federated Hermes Inc. Lowers Position in Vital Farms, Inc. (NASDAQ:VITL)

Federated Hermes Inc. trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,161 shares of the company's stock after selling 12,308 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Vital Farms worth $828,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VITL. CIBC Private Wealth Group LLC boosted its stake 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 acquiring an additional 540 shares in the last quarter. CWM LLC boosted its position in Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock worth $66,000 after purchasing an additional 650 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Vital Farms in the first quarter valued at approximately $112,000. Hanson & Doremus Investment Management acquired a new stake in Vital Farms in the first quarter valued at approximately $130,000. Finally, Summit Investment Advisors Inc. increased its position in shares of Vital Farms by 15.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after buying an additional 475 shares in the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vital Farms news, CFO Thilo Wrede sold 1,200 shares of the business'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 sale, the chief financial officer owned 56,187 shares of the company's stock, valued at $2,189,607.39. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Ohayer sold 30,000 shares of Vital Farms stock in a transaction on 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 sale, the insider directly owned 6,858,890 shares of the company's stock, valued at $268,662,721.30. The trade was 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 67,400 shares of company stock valued at $2,413,630 in the last ninety days. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Mizuho started coverage on shares of Vital Farms in a research note on Tuesday, July 8th. They set an "outperform" rating and a $45.00 target price for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $46.00 price target on shares of Vital Farms in a report on Friday, August 1st. Morgan Stanley lowered their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $44.00.

Vital Farms Stock Performance

NASDAQ VITL opened at $43.86 on Friday. The stock has a fifty day simple moving average of $36.19 and a 200-day simple moving average of $34.95. The company has a current ratio of 3.35, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.95 billion, a PE ratio of 39.16 and a beta of 0.94. Vital Farms, Inc. has a twelve month low of $27.91 and a twelve month high of $45.72.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. The company had revenue of $184.77 million for the quarter, compared to analysts' expectations of $170.28 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. Vital Farms's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

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.

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