XTX Topco Ltd Cuts Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

XTX Topco Ltd trimmed its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 73.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,410 shares of the company's stock after selling 20,146 shares during the quarter. XTX Topco Ltd's holdings in Vital Farms were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Vital Farms by 43.2% during the first quarter. CWM LLC now owns 2,154 shares of the company's stock valued at $66,000 after buying an additional 650 shares during the last quarter. 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. Union Bancaire Privee UBP SA purchased a new stake in shares of Vital Farms during the 1st quarter valued at about $112,000. Hanson & Doremus Investment Management bought a new stake in shares of Vital Farms in the first quarter worth approximately $130,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Vital Farms during the fourth quarter valued at approximately $207,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Matthew Ohayer sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $39.17, for a total value of $1,175,100.00. Following the sale, the insider directly owned 6,858,890 shares of the company's stock, valued at $268,662,721.30. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thilo Wrede sold 1,200 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $38.97, for a total transaction of $46,764.00. Following the completion of the sale, the chief financial officer directly owned 56,187 shares of the company's stock, valued at approximately $2,189,607.39. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,105 shares of company stock valued at $3,645,398 in the last quarter. 21.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VITL shares. BMO Capital Markets reiterated an "outperform" rating on shares of Vital Farms in a research report on Friday, August 8th. Telsey Advisory Group upped their target price on shares of Vital Farms from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, August 8th. DA Davidson increased their price objective on shares of Vital Farms from $51.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Mizuho raised their price objective on Vital Farms from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms has an average rating of "Buy" and an average target price of $48.20.

Vital Farms Price Performance

Shares of NASDAQ:VITL remained flat at $47.75 during trading on Friday. The stock had a trading volume of 846,038 shares, compared to its average volume of 1,110,715. The company has a market cap of $2.13 billion, a PE ratio of 42.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. The stock has a 50 day moving average price of $38.07 and a two-hundred day moving average price of $35.03. Vital Farms, Inc. has a 1-year low of $27.91 and a 1-year high of $48.26.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.09. Vital Farms had a return on equity of 18.40% and a net margin of 7.84%. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $170.28 million. During the same period last year, the company earned $0.36 earnings per share. Vital Farms's revenue was up 25.4% on a year-over-year basis. On average, equities research analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current 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.