Two Sigma Advisers LP Has $2.18 Million Stock Position in Vital Farms, Inc. (NASDAQ:VITL)

Two Sigma Advisers LP lessened its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,900 shares of the company's stock after selling 243,000 shares during the period. Two Sigma Advisers LP owned about 0.13% of Vital Farms worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Vital Farms in the fourth quarter worth approximately $699,000. Barclays PLC lifted its position in shares of Vital Farms by 57.3% in the third quarter. Barclays PLC now owns 95,444 shares of the company's stock worth $3,347,000 after purchasing an additional 34,758 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vital Farms by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after purchasing an additional 87,980 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Vital Farms in the fourth quarter worth approximately $298,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Vital Farms by 25.2% in the fourth quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company's stock worth $3,188,000 after purchasing an additional 17,017 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VITL shares. William Blair reissued an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Morgan Stanley reduced their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, DA Davidson reduced their price target 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. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $44.63.

Vital Farms Stock Up 0.9%

VITL traded up $0.29 during midday trading on Friday, hitting $32.24. 984,081 shares of the company's stock traded hands, compared to its average volume of 1,027,169. The company has a market cap of $1.44 billion, a PE ratio of 28.79 and a beta of 0.94. The stock's fifty day simple moving average is $33.36 and its 200-day simple moving average is $35.04. 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, Inc. has a one year low of $27.91 and a one year high of $48.41.

Vital Farms (NASDAQ:VITL - Get Free Report) last released 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. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The company had revenue of $162.19 million for the quarter, compared to analyst estimates of $164.43 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Matthew Ohayer sold 24,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $32.68, for a total value of $784,320.00. Following the sale, the insider now owns 6,942,890 shares in the company, valued at approximately $226,893,645.20. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the firm's stock in a transaction on 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 owns 703,736 shares in the company, valued at approximately $23,708,865.84. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock valued at $3,019,308 over the last 90 days. 27.60% of the stock is currently 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.