SG Americas Securities LLC Purchases New Holdings in Vital Farms, Inc. (NASDAQ:VITL)

SG Americas Securities LLC purchased a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,931 shares of the company's stock, valued at approximately $760,000. SG Americas Securities LLC owned 0.06% of Vital Farms at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its stake in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying an additional 540 shares during the period. US Bancorp DE increased its stake in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms in the 4th quarter worth about $59,000. Principal Securities Inc. increased its position 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 worth $63,000 after purchasing an additional 380 shares during the last quarter. Finally, Rothschild Investment LLC increased its position 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 worth $68,000 after purchasing an additional 1,191 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Vital Farms Stock Performance

Vital Farms stock traded down $0.13 during midday trading on Monday, reaching $36.10. 584,040 shares of the stock traded hands, compared to its average volume of 1,034,898. 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 fifty day moving average price of $33.58 and a two-hundred day moving average price of $35.22. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 32.23 and a beta of 0.90. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted 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 8.26% and a return on equity of 19.53%. Vital Farms's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. On average, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VITL. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research report on Monday, May 5th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research report on Friday, February 28th. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. DA Davidson lowered their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vital Farms presently has a consensus rating of "Buy" and an average target price of $44.63.

Insider Buying and Selling at Vital Farms

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew Ohayer sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $32.25, for a total transaction of $161,250.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,324 shares of company stock valued at $3,294,614 in the last ninety days. Company 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.