Mirova Takes $411,000 Position in Vital Farms, Inc. (NASDAQ:VITL)

Mirova bought a new stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,900 shares of the company's stock, valued at approximately $411,000.

Several other large investors also recently made changes to their positions in VITL. CIBC Private Wealth Group LLC boosted its position in Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after acquiring an additional 540 shares during the period. US Bancorp DE increased its stake in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after buying an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Vital Farms during the 4th quarter worth about $59,000. Mendota Financial Group LLC acquired a new stake in shares of Vital Farms in the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. boosted its holdings in shares of Vital Farms by 29.4% in the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company's stock.

Vital Farms Stock Down 0.7 %

VITL traded down $0.24 on Friday, reaching $33.37. 208,192 shares of the company traded hands, compared to its average volume of 1,036,727. The stock's 50 day moving average price is $32.18 and its 200-day moving average price is $35.45. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 29.79 and a beta of 0.96. Vital Farms, Inc. has a 52-week low of $24.87 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

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

Insider Buying and Selling at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of Vital Farms stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.39, for a total value of $125,560.00. Following the transaction, the insider now directly owns 6,966,890 shares of the company's stock, valued at $218,690,677.10. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold a total of 93,124 shares of company stock worth $3,019,308 over the last three months. Corporate insiders own 27.60% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VITL shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a research note on Thursday, March 13th. DA Davidson decreased their price target on shares of Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research note on Friday, February 28th. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research report on Friday, February 28th. Finally, TD Cowen increased their price target on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $44.71.

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.