Harbor Capital Advisors Inc. Sells 14,380 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Harbor Capital Advisors Inc. reduced its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 14.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,226 shares of the company's stock after selling 14,380 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.20% of Vital Farms worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its holdings in shares of Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after acquiring an additional 540 shares in the last quarter. US Bancorp DE increased its holdings in shares of 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the fourth quarter valued at approximately $59,000. Principal Securities Inc. increased its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after acquiring an additional 1,191 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Stock Performance

VITL stock traded down $0.54 during midday trading on Friday, hitting $31.65. The company's stock had a trading volume of 637,507 shares, compared to its average volume of 1,027,153. The stock's 50-day moving average price is $33.39 and its 200 day moving average price is $35.16. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $48.41. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 28.26 and a beta of 0.89.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The business had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 703,736 shares in the company, valued at approximately $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. Insiders have sold 93,124 shares of company stock valued at $3,019,308 in the last 90 days. Insiders own 21.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. William Blair restated an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Morgan Stanley decreased their price objective on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research report on Monday, May 5th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average 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.