Principal Financial Group Inc. Has $36.86 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Principal Financial Group Inc. boosted its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,209,564 shares of the company's stock after buying an additional 37,614 shares during the period. Principal Financial Group Inc. owned approximately 2.72% of Vital Farms worth $36,855,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake 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 buying an additional 540 shares during the last quarter. US Bancorp DE increased its holdings in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Vital Farms during the fourth quarter worth approximately $59,000. Assetmark Inc. boosted its stake in shares of Vital Farms by 10,241.4% in the fourth quarter. Assetmark Inc. now owns 2,999 shares of the company's stock valued at $113,000 after buying an additional 2,970 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in Vital Farms by 15.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock worth $131,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Wall Street Analyst Weigh In

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

Vital Farms Stock Performance

NASDAQ VITL opened at $38.30 on Tuesday. 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 firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 34.20 and a beta of 0.94. The firm's 50 day simple moving average is $34.61 and its 200 day simple moving average is $35.24. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $46.58.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a net margin of 8.26% and a return on equity of 19.53%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were 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. This represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $31.93, for a total transaction of $38,316.00. Following the completion of the transaction, the chief financial officer directly owned 57,117 shares of the company's stock, valued at approximately $1,823,745.81. The trade was a 2.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,324 shares of company stock valued at $4,469,714 in the last quarter. Insiders own 21.30% of the company's stock.

About Vital Farms

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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