Teacher Retirement System of Texas Sells 12,597 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Teacher Retirement System of Texas cut its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 51.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,749 shares of the company's stock after selling 12,597 shares during the quarter. Teacher Retirement System of Texas' holdings in Vital Farms were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. CIBC Private Wealth Group LLC raised its stake in shares of 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 purchasing an additional 540 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Vital Farms in the 4th quarter valued at $59,000. Union Bancaire Privee UBP SA bought a new stake in Vital Farms in the 1st quarter valued at $112,000. Hanson & Doremus Investment Management bought a new stake in Vital Farms in the 1st quarter valued at $130,000. Finally, Summit Investment Advisors Inc. raised its stake in Vital Farms by 15.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,487 shares of the company's stock valued at $131,000 after acquiring an additional 475 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Vital Farms Stock Performance

VITL stock traded up $0.05 during midday trading on Friday, hitting $37.40. The company's stock had a trading volume of 350,186 shares, compared to its average volume of 1,022,286. The stock's 50-day moving average price is $35.21 and its 200 day moving average price is $35.26. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.03. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $45.72. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 33.39 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $162.19 million for the quarter, compared to analysts' expectations of $164.43 million. Vital Farms had a return on equity of 19.53% and a net margin of 8.26%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, equities 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, CFO Thilo Wrede sold 1,200 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $38.97, for a total value of $46,764.00. Following the completion of the sale, the chief financial officer owned 56,187 shares in the company, valued at approximately $2,189,607.39. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Ohayer sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the sale, the insider owned 6,858,890 shares of the company's stock, valued at approximately $268,662,721.30. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,400 shares of company stock worth $2,996,250. 21.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on VITL. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a report on Monday, May 5th. Morgan Stanley reduced their price objective 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. Finally, Mizuho began coverage on Vital Farms in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $45.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $44.67.

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.