Kings Path Partners LLC Sells 8,550 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Kings Path Partners LLC cut its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 38.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,590 shares of the company's stock after selling 8,550 shares during the quarter. Kings Path Partners LLC's holdings in Vital Farms were worth $414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in 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 acquiring an additional 540 shares during the period. US Bancorp DE raised its holdings in 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 acquiring an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new position in Vital Farms in the 4th quarter valued at about $59,000. Principal Securities Inc. raised its holdings in 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 acquiring an additional 380 shares during the period. Finally, Rothschild Investment LLC raised its holdings in 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 acquiring an additional 1,191 shares during the period. 98.59% of the stock is owned by institutional investors.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 20,000 shares of the company's 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 sale, the insider now owns 6,970,890 shares in the company, valued at approximately $205,362,419.40. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the company's 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 completion of the sale, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. This trade represents a 6.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,124 shares of company stock worth $3,019,308. Corporate insiders own 27.60% of the company's stock.

Vital Farms Trading Down 1.3%

Shares of VITL stock traded down $0.40 during mid-day trading on Monday, reaching $31.44. The stock had a trading volume of 1,005,691 shares, compared to its average volume of 1,027,713. The stock's 50-day moving average price is $33.36 and its two-hundred day moving average price is $35.13. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $48.41. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.07 and a beta of 0.94. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company 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 company earned $0.43 earnings per share. Vital Farms's quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

VITL has been the topic of a number of analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research report on Monday, May 5th. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Morgan Stanley cut their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. DA Davidson lowered 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 report on Tuesday, May 6th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vital Farms has an average rating of "Buy" and an average target price of $44.63.

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.