Squarepoint Ops LLC Has $5.83 Million Position in Vital Farms, Inc. (NASDAQ:VITL)

Squarepoint Ops LLC cut its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 43.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,732 shares of the company's stock after selling 121,061 shares during the period. Squarepoint Ops LLC owned about 0.35% of Vital Farms worth $5,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after purchasing an additional 540 shares during the last quarter. US Bancorp DE lifted its stake in 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 last quarter. Frazier Financial Advisors LLC bought a new stake in Vital Farms during the fourth quarter worth $59,000. Principal Securities Inc. lifted its stake in Vital Farms by 29.4% during the fourth 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 lifted its stake in Vital Farms by 191.2% during the fourth 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. 98.59% of the stock is currently owned by institutional investors.

Vital Farms Trading Up 0.6%

NASDAQ VITL traded up $0.21 on Friday, reaching $32.16. The company had a trading volume of 172,611 shares, compared to its average volume of 1,022,939. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 28.74 and a beta of 0.94. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41. The business has a 50 day moving average of $33.37 and a two-hundred day moving average of $35.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. Vital Farms's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity at Vital Farms

In other Vital Farms news, 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 transaction 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 approximately $23,708,865.84. This trade 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 4,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the sale, the insider now owns 6,966,890 shares of the company's stock, valued at approximately $218,690,677.10. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,124 shares of company stock worth $3,019,308 over the last three months. Company insiders own 27.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.