Vital Farms, Inc. (NASDAQ:VITL) Stock Position Reduced by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 36.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,500 shares of the company's stock after selling 24,500 shares during the quarter. Jefferies Financial Group Inc. owned about 0.10% of Vital Farms worth $1,640,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in shares of Vital Farms by 152.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock valued at $35,000 after purchasing an additional 540 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Vital Farms by 160.3% in the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Vital Farms in the 4th quarter valued at approximately $59,000. Principal Securities Inc. lifted its holdings in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after buying an additional 380 shares during the period. Finally, Rothschild Investment LLC lifted its holdings 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 buying an additional 1,191 shares during the period. Hedge funds and other institutional investors own 98.59% of the company's stock.

Wall Street Analysts Forecast Growth

VITL has been the subject of several recent analyst reports. Morgan Stanley reduced their price target on Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a report on Monday, May 5th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. DA Davidson reduced their price objective on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vital Farms currently has a consensus rating of "Buy" and an average target price 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 value of $1,520,227.56. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 20,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total value of $589,200.00. Following the completion of the transaction, the insider now directly owns 6,970,890 shares of the company's stock, valued at $205,362,419.40. This represents a 0.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock valued at $3,019,308 over the last quarter. Company insiders own 27.60% of the company's stock.

Vital Farms Stock Up 0.9%

Shares of NASDAQ VITL traded up $0.29 on Friday, hitting $32.24. The company had a trading volume of 984,081 shares, compared to its average volume of 1,027,169. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $48.41. The business has a 50 day moving average of $33.36 and a two-hundred day moving average of $35.04. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.44 billion, a P/E ratio of 28.79 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results 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 company had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company's revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal 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.