Vital Farms, Inc. (NASDAQ:VITL) Stake Raised by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 417.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,431,024 shares of the company's stock after buying an additional 1,961,550 shares during the quarter. Wellington Management Group LLP owned about 5.49% of Vital Farms worth $91,625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Vital Farms by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after buying an additional 87,980 shares during the last quarter. Principal Financial Group Inc. grew its stake in Vital Farms by 78.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,950 shares of the company's stock worth $44,172,000 after buying an additional 516,139 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Vital Farms by 64.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,058,753 shares of the company's stock worth $39,904,000 after acquiring an additional 415,614 shares during the period. William Blair Investment Management LLC boosted its position in Vital Farms by 10.4% during the 4th quarter. William Blair Investment Management LLC now owns 955,895 shares of the company's stock worth $36,028,000 after acquiring an additional 89,772 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in Vital Farms by 30.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company's stock worth $34,123,000 after acquiring an additional 208,951 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Russell Diez-Canseco sold 45,124 shares of the company'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 directly owns 703,736 shares of the company's stock, valued at $23,708,865.84. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew Ohayer sold 4,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total value of $125,560.00. Following the sale, the insider now directly owns 6,966,890 shares of the company's stock, valued at approximately $218,690,677.10. This represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,124 shares of company stock worth $3,019,308 over the last 90 days. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of analyst reports. DA Davidson reduced their price target on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, March 14th. 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. 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. 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 assigned a strong buy rating to the company. According to MarketBeat, Vital Farms presently has a consensus rating of "Buy" and an average price target of $44.63.

Vital Farms Price Performance

Shares of Vital Farms stock traded up $0.29 during trading on Friday, hitting $32.24. The stock had a trading volume of 984,081 shares, compared to its average volume of 1,027,169. 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 market cap of $1.44 billion, a P/E ratio of 28.79 and a beta of 0.94. The business has a fifty day moving average of $33.36 and a two-hundred day moving average of $35.04. Vital Farms, Inc. has a fifty-two week low of $27.91 and a fifty-two week high of $48.41.

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 the consensus estimate of $0.26 by $0.11. The business had revenue of $162.19 million during the quarter, compared to analyst estimates of $164.43 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

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.