Nuveen Asset Management LLC Purchases 129,621 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Nuveen Asset Management LLC boosted its position in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 733,952 shares of the company's stock after purchasing an additional 129,621 shares during the period. Nuveen Asset Management LLC owned about 1.68% of Vital Farms worth $27,663,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Vital Farms in the fourth quarter worth about $699,000. Barclays PLC raised its stake in shares of Vital Farms by 57.3% in the third quarter. Barclays PLC now owns 95,444 shares of the company's stock worth $3,347,000 after buying an additional 34,758 shares during the period. Vanguard Group Inc. raised its stake in Vital Farms by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock valued at $84,307,000 after purchasing an additional 87,980 shares during the period. Vontobel Holding Ltd. bought a new stake in Vital Farms during the 4th quarter valued at approximately $298,000. Finally, Geode Capital Management LLC raised its stake in Vital Farms by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 761,380 shares of the company's stock valued at $28,703,000 after purchasing an additional 11,721 shares during the period. Institutional investors own 98.59% of the company's stock.

Vital Farms Trading Up 0.4%

Shares of VITL traded up $0.14 during trading hours on Tuesday, reaching $33.37. 243,362 shares of the company traded hands, compared to its average volume of 1,025,681. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 29.76 and a beta of 0.94. Vital Farms, Inc. has a 12-month low of $27.91 and a 12-month high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $33.24 and its 200 day moving average price is $35.03.

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

Analyst Ratings Changes

Several analysts recently issued reports on VITL shares. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. Morgan Stanley decreased their target price on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, DA Davidson reduced their price objective on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $44.63.

Insider Activity

In related news, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms 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 sale, the chief executive officer now directly owns 703,736 shares in the company, valued at $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of Vital Farms 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 sale, the insider now owns 6,970,890 shares of the company's stock, valued at $205,362,419.40. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,124 shares of company stock valued at $3,019,308. 27.60% of the stock is currently owned by company insiders.

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.