Pictet Asset Management Holding SA Grows Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Pictet Asset Management Holding SA increased its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 905,354 shares of the company's stock after purchasing an additional 208,951 shares during the quarter. Pictet Asset Management Holding SA owned 2.07% of Vital Farms worth $34,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VITL. Principal Securities Inc. lifted its holdings in shares of Vital Farms by 29.4% in the 4th quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock valued at $63,000 after buying an additional 380 shares during the period. Lifestyle Asset Management Inc. grew its stake in shares of Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company's stock worth $390,000 after purchasing an additional 499 shares during the period. US Bancorp DE increased its holdings in Vital Farms by 160.3% in the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after buying an additional 872 shares in the last quarter. Quarry LP raised its holdings in Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company's stock worth $85,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in Vital Farms by 191.2% in the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock valued at $68,000 after purchasing an additional 1,191 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vital Farms

In other news, insider Joanne Bal sold 28,246 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $45.10, for a total value of $1,273,894.60. Following the completion of the sale, the insider now owns 59,371 shares of the company's stock, valued at $2,677,632.10. This represents a 32.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Ohayer sold 4,000 shares of the business's 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 in the company, valued at $218,690,677.10. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,474 shares of company stock worth $5,969,700 in the last three months. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen increased their price target on shares of Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research note on Friday, February 28th. Morgan Stanley assumed coverage on shares of Vital Farms in a research note on Monday, March 24th. They issued an "overweight" rating and a $30.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 price target on shares of Vital Farms in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $42.00.

Vital Farms Trading Down 0.5 %

VITL stock traded down $0.15 on Friday, hitting $32.23. 1,166,234 shares of the company were exchanged, compared to its average volume of 1,023,975. 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 stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.78 and a beta of 0.96. Vital Farms, Inc. has a twelve month low of $24.12 and a twelve month high of $48.41. The business's fifty day moving average is $33.90 and its two-hundred day moving average is $35.63.

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

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.