Hussman Strategic Advisors Inc. raised its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 60.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,000 shares of the company's stock after purchasing an additional 31,500 shares during the quarter. Hussman Strategic Advisors Inc. owned 0.19% of Vital Farms worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of VITL. Segall Bryant & Hamill LLC purchased a new stake in shares of Vital Farms during the first quarter valued at approximately $4,649,000. Dakota Wealth Management lifted its holdings in Vital Farms by 8.4% during the first quarter. Dakota Wealth Management now owns 7,861 shares of the company's stock worth $240,000 after acquiring an additional 611 shares during the period. Sigma Planning Corp bought a new stake in Vital Farms during the first quarter worth $477,000. Aurora Investment Counsel lifted its holdings in Vital Farms by 7.9% during the first quarter. Aurora Investment Counsel now owns 36,133 shares of the company's stock worth $1,101,000 after acquiring an additional 2,660 shares during the period. Finally, CWM LLC lifted its holdings 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 acquiring an additional 650 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Mizuho assumed coverage on Vital Farms in a report on Tuesday, July 8th. They set an "outperform" rating and a $45.00 price target on the stock. Morgan Stanley dropped their price target on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research report on Monday, May 5th. Nine 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 $44.67.
Check Out Our Latest Stock Analysis on VITL
Insider Activity
In other news, CFO Thilo Wrede sold 1,200 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the transaction, the chief financial officer directly owned 56,187 shares in the company, valued at approximately $2,189,607.39. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the transaction, the insider 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. Over the last 90 days, insiders have sold 62,400 shares of company stock valued at $2,211,930. 21.30% of the stock is owned by company insiders.
Vital Farms Stock Performance
Shares of NASDAQ VITL traded down $0.24 during mid-day trading on Monday, hitting $37.16. The company had a trading volume of 151,049 shares, compared to its average volume of 1,018,856. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 33.14 and a beta of 0.94. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $45.72. 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's 50-day moving average price is $35.21 and its 200-day moving average price is $35.24.
Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The company had revenue of $162.19 million during the quarter, compared to analysts' expectations of $164.43 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.
About Vital Farms
(
Free Report)
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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