24,931 Shares in Vital Farms, Inc. (NASDAQ:VITL) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,931 shares of the company's stock, valued at approximately $760,000. SG Americas Securities LLC owned 0.06% of Vital Farms as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Principal Securities Inc. increased its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after purchasing an additional 380 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of Vital Farms by 15.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after purchasing an additional 475 shares during the period. Stifel Financial Corp increased its holdings in shares of Vital Farms by 6.8% during the fourth quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after purchasing an additional 518 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Vital Farms by 152.1% during the fourth 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 period. Finally, Lazard Asset Management LLC increased its holdings in shares of Vital Farms by 4.8% during the fourth quarter. Lazard Asset Management LLC now owns 15,657 shares of the company's stock valued at $588,000 after purchasing an additional 718 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VITL has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research note on Friday, February 28th. William Blair reaffirmed an "outperform" rating on shares of Vital Farms 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 decreased their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vital Farms has an average rating of "Buy" and an average price target of $44.63.

Vital Farms Trading Up 1.3%

Shares of NASDAQ:VITL traded up $0.48 during midday trading on Friday, reaching $36.23. The company had a trading volume of 1,382,745 shares, compared to its average volume of 1,034,832. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 3.35. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $48.41. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 32.35 and a beta of 0.89. The company has a fifty day simple moving average of $33.53 and a two-hundred day simple moving average of $35.20.

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

Insider Activity at Vital Farms

In related news, insider Matthew Ohayer sold 5,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.25, for a total value of $161,250.00. Following the completion of the sale, the insider now directly owns 6,888,890 shares of the company's stock, valued at approximately $222,166,702.50. This represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold 104,324 shares of company stock worth $3,420,174 in the last quarter. 21.30% of the stock is owned by company insiders.

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.