Two Sigma Advisers LP Reduces Holdings in Vital Farms, Inc. (NASDAQ:VITL)

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

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Securities Inc. lifted its stake in Vital Farms by 29.4% during the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares during the period. Summit Investment Advisors Inc. lifted its stake in Vital Farms by 15.8% during 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. Stifel Financial Corp lifted its stake in Vital Farms by 6.8% during the 4th quarter. Stifel Financial Corp now owns 8,117 shares of the company's stock valued at $306,000 after acquiring an additional 518 shares during the period. CIBC Private Wealth Group LLC lifted 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 valued at $35,000 after acquiring an additional 540 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in Vital Farms by 4.8% during the 4th quarter. Lazard Asset Management LLC now owns 15,657 shares of the company's stock valued at $588,000 after acquiring an additional 718 shares during the period. Institutional investors own 98.59% of the company's stock.

Vital Farms Stock Performance

Vital Farms stock traded down $0.38 during midday trading on Monday, hitting $31.46. The stock had a trading volume of 1,501,904 shares, compared to its average volume of 1,029,422. The firm's fifty day moving average is $33.37 and its two-hundred day moving average is $35.16. The company has a market capitalization of $1.40 billion, a PE ratio of 28.09 and a beta of 0.94. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $48.41. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. On average, research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $32.68, for a total transaction of $784,320.00. Following the completion of the sale, the insider now directly owns 6,942,890 shares of the company's stock, valued at $226,893,645.20. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following 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 trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,124 shares of company stock valued at $3,019,308. 27.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. 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. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average 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.