Wellington Management Group LLP Increases Stake in Vital Farms, Inc. (NASDAQ:VITL)

Wellington Management Group LLP boosted its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 417.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,431,024 shares of the company's stock after purchasing an additional 1,961,550 shares during the quarter. Wellington Management Group LLP owned approximately 5.49% of Vital Farms worth $91,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in VITL. Principal Financial Group Inc. boosted its stake in Vital Farms by 78.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company's stock worth $44,172,000 after purchasing an additional 516,139 shares during the period. Lord Abbett & CO. LLC boosted its stake in Vital Farms by 64.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after purchasing an additional 415,614 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Vital Farms by 96.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 628,709 shares of the company's stock worth $23,696,000 after purchasing an additional 308,425 shares during the period. Wasatch Advisors LP boosted its stake in Vital Farms by 105.5% in the 4th quarter. Wasatch Advisors LP now owns 579,808 shares of the company's stock worth $21,853,000 after purchasing an additional 297,684 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in Vital Farms in the 4th quarter worth about $10,043,000. Institutional investors own 98.59% of the company's stock.

Vital Farms Price Performance

Shares of NASDAQ VITL traded down $0.38 during trading hours on Monday, reaching $31.46. 1,501,904 shares of the stock traded hands, compared to its average volume of 1,029,429. The company has a market capitalization of $1.40 billion, a P/E ratio of 28.09 and a beta of 0.94. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 52-week low of $27.91 and a 52-week high of $48.41. The company's 50-day simple moving average is $33.37 and its two-hundred day simple moving average is $35.16.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced 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 company 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 22.29% and a net margin of 8.68%. Vital Farms's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. Equities research analysts forecast that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on VITL. DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. William Blair reiterated an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. BMO Capital Markets upgraded Vital Farms to a "strong-buy" rating in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a research report on Monday, May 5th. Finally, Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research report on Friday, February 28th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $44.63.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $32.68, for a total value of $784,320.00. Following the transaction, the insider now directly owns 6,942,890 shares of the company's stock, valued at $226,893,645.20. The trade was a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of Vital Farms stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the completion of the transaction, the chief executive officer now directly owns 703,736 shares in the company, valued at $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 three months, insiders have sold 93,124 shares of company stock valued at $3,019,308. Corporate insiders own 27.60% of the company's stock.

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.