Impax Asset Management Group plc Has $5.64 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Impax Asset Management Group plc raised its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 48.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,000 shares of the company's stock after purchasing an additional 60,000 shares during the quarter. Impax Asset Management Group plc owned 0.42% of Vital Farms worth $5,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Vital Farms by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,209,564 shares of the company's stock valued at $36,855,000 after purchasing an additional 37,614 shares in the last quarter. Impact Investors Inc boosted its holdings in Vital Farms by 2.7% during the first quarter. Impact Investors Inc now owns 25,328 shares of the company's stock valued at $772,000 after purchasing an additional 656 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Vital Farms by 6.6% during the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company's stock valued at $257,000 after purchasing an additional 521 shares in the last quarter. CWC Advisors LLC. boosted its holdings in Vital Farms by 32.6% during the first quarter. CWC Advisors LLC. now owns 9,077 shares of the company's stock valued at $277,000 after purchasing an additional 2,232 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Vital Farms by 53.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company's stock valued at $706,000 after acquiring an additional 8,049 shares during the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. Morgan Stanley cut their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. DA Davidson cut their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, BMO Capital Markets upgraded shares of Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Eight research 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, the company has an average rating of "Buy" and an average price target of $44.63.

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the completion of the sale, the insider owned 6,858,890 shares in the company, valued at approximately $268,662,721.30. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the sale, the chief executive officer owned 703,736 shares of the company's stock, valued at $23,708,865.84. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,324 shares of company stock worth $4,469,714. Insiders own 21.30% of the company's stock.

Vital Farms Stock Performance

VITL stock opened at $39.28 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.35 and a quick ratio of 2.91. The company has a 50 day moving average price of $34.52 and a 200 day moving average price of $35.28. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $46.58. The stock has a market capitalization of $1.75 billion, a PE ratio of 35.07 and a beta of 0.94.

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 net margin of 8.26% and a return on equity of 19.53%. The firm had revenue of $162.19 million during the quarter, compared to analysts' expectations of $164.43 million. During the same quarter in the previous year, the company posted $0.43 EPS. Vital Farms's revenue was up 9.7% on a year-over-year basis. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Vital Farms Company 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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