Vital Farms, Inc. (NASDAQ:VITL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 761,380 shares of the company's stock after acquiring an additional 11,721 shares during the period. Geode Capital Management LLC owned 1.74% of Vital Farms worth $28,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VITL. Wellington Management Group LLP increased its position in Vital Farms by 417.8% in the fourth quarter. Wellington Management Group LLP now owns 2,431,024 shares of the company's stock worth $91,625,000 after purchasing an additional 1,961,550 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Vital Farms by 152.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying an additional 540 shares during the period. Pictet Asset Management Holding SA boosted its stake in Vital Farms by 30.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 905,354 shares of the company's stock worth $34,123,000 after buying an additional 208,951 shares during the period. Frazier Financial Advisors LLC purchased a new position in Vital Farms during the fourth quarter worth $59,000. Finally, Blair William & Co. IL purchased a new position in Vital Farms during the fourth quarter worth $428,000. Institutional investors own 98.59% of the company's stock.

Vital Farms Stock Down 0.4 %

VITL traded down $0.14 on Wednesday, hitting $33.35. 66,873 shares of the company were exchanged, compared to its average volume of 1,036,505. Vital Farms, Inc. has a twelve month low of $24.87 and a twelve month high of $48.41. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 29.78 and a beta of 0.96. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $32.23 and a two-hundred day moving average price of $35.49.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $165.99 million during the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. On average, equities analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 45,124 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $33.69, for a total value of $1,520,227.56. Following the transaction, the chief executive officer now owns 703,736 shares in the company, valued at $23,708,865.84. The trade was a 6.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew Ohayer sold 20,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.46, for a total transaction of $589,200.00. Following the completion of the transaction, the insider now owns 6,970,890 shares in the company, valued at $205,362,419.40. This represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,124 shares of company stock worth $2,234,988. Corporate insiders own 27.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VITL. Telsey Advisory Group reissued an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. Morgan Stanley cut their price objective on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of Vital Farms in a report on Friday, February 28th. TD Cowen lifted their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, DA Davidson lowered their price objective on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Vital Farms currently has an average rating of "Buy" and an average price target of $43.13.

Vital Farms 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.