Vital Farms, Inc. (NASDAQ:VITL) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,695 shares of the company's stock after acquiring an additional 14,432 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Vital Farms worth $3,343,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Sapience Investments LLC raised its holdings in Vital Farms by 15.2% in the 4th quarter. Sapience Investments LLC now owns 77,698 shares of the company's stock valued at $2,928,000 after acquiring an additional 10,235 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Vital Farms during the fourth quarter worth $892,000. Nuveen Asset Management LLC lifted its position in Vital Farms by 21.4% in the fourth quarter. Nuveen Asset Management LLC now owns 733,952 shares of the company's stock valued at $27,663,000 after acquiring an additional 129,621 shares during the last quarter. Needham Investment Management LLC lifted its position in Vital Farms by 1.7% in the fourth quarter. Needham Investment Management LLC now owns 455,000 shares of the company's stock valued at $17,149,000 after acquiring an additional 7,500 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Vital Farms by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,949 shares of the company's stock valued at $714,000 after acquiring an additional 1,056 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. Morgan Stanley decreased their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets raised shares of Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. Stifel Nicolaus raised shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research note on Friday, February 28th. Finally, DA Davidson cut their target price on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $44.63.

Vital Farms Price Performance

Shares of Vital Farms stock opened at $30.52 on Friday. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41. The company has a market cap of $1.36 billion, a PE ratio of 27.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a fifty day moving average price of $33.41 and a two-hundred day moving average price of $35.11.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $162.19 million during the quarter, compared to analysts' expectations of $164.43 million. During the same quarter last year, the company posted $0.43 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 703,736 shares of the company's stock, valued at $23,708,865.84. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.46, for a total transaction of $589,200.00. Following the completion of the sale, the insider now directly owns 6,970,890 shares of the company's stock, valued at approximately $205,362,419.40. The trade was a 0.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,124 shares of company stock valued at $3,019,308. 21.30% of the stock is currently owned by insiders.

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.

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