Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 14.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,226 shares of the company's stock after selling 14,380 shares during the period. Harbor Capital Advisors Inc. owned 0.20% of Vital Farms worth $2,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased 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 valued at $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE increased its stake in shares of Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms during the 4th quarter valued at about $59,000. Principal Securities Inc. raised its position in 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 lifted its stake 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 valued at $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.

Vital Farms Price Performance

Shares of Vital Farms stock traded down $0.58 during trading hours on Friday, reaching $31.62. 409,798 shares of the company's stock were exchanged, compared to its average volume of 1,023,115. The business has a fifty day moving average of $33.40 and a two-hundred day moving average of $35.15. The company has a market capitalization of $1.41 billion, a P/E ratio of 28.22 and a beta of 0.89. 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.

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

Analysts Set New Price Targets

A number of research firms have recently commented on VITL. 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 research report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. DA Davidson reduced their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research note on Monday, May 5th. Finally, BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $44.63.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 45,124 shares of the 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 transaction, the chief executive officer now owns 703,736 shares of the company's stock, valued at approximately $23,708,865.84. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 4,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the transaction, the insider now owns 6,966,890 shares of the company's stock, valued at $218,690,677.10. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock worth $3,019,308 in the last 90 days. Insiders own 21.30% of the company's stock.

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.