Raiffeisen Bank International AG Takes Position in Vital Farms, Inc. (NASDAQ:VITL)

Raiffeisen Bank International AG acquired a new position in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,000 shares of the company's stock, valued at approximately $892,000. Raiffeisen Bank International AG owned approximately 0.05% of Vital Farms at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VITL. CIBC Private Wealth Group LLC grew its holdings in shares of 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 purchasing an additional 540 shares in the last quarter. US Bancorp DE grew its holdings in shares of Vital Farms by 160.3% during the fourth quarter. US Bancorp DE now owns 1,416 shares of the company's stock worth $53,000 after purchasing an additional 872 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Vital Farms during the fourth quarter worth about $59,000. Principal Securities Inc. grew its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after purchasing an additional 380 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Vital Farms by 191.2% during the fourth quarter. Rothschild Investment LLC now owns 1,814 shares of the company's stock worth $68,000 after purchasing an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company's stock.

Insiders Place Their Bets

In related news, insider Matthew Ohayer sold 24,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $32.68, for a total transaction of $784,320.00. Following the sale, the insider now owns 6,942,890 shares of the company's stock, valued at $226,893,645.20. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell Diez-Canseco sold 45,124 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,124 shares of company stock worth $3,019,308. 27.60% of the stock is owned by corporate insiders.

Vital Farms Trading Down 3.6%

VITL stock traded down $1.29 during midday trading on Tuesday, hitting $34.70. The company had a trading volume of 633,900 shares, compared to its average volume of 1,028,093. The company has a current ratio of 3.24, a quick ratio of 2.81 and a debt-to-equity ratio of 0.04. Vital Farms, Inc. has a 52 week low of $27.91 and a 52 week high of $48.41. The stock's 50 day moving average price is $32.87 and its 200 day moving average price is $35.03. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 30.98 and a beta of 0.94.

Vital Farms (NASDAQ:VITL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The company had revenue of $162.19 million during the quarter, compared to the consensus estimate of $164.43 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, equities research analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VITL. William Blair reaffirmed an "outperform" rating on shares of Vital Farms in a research note on Friday, February 28th. Stifel Nicolaus raised Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research note on Friday, February 28th. BMO Capital Markets raised Vital Farms to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson cut their target price on Vital Farms from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a research note on Monday, May 5th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Vital Farms has an average rating of "Buy" and a consensus price target of $44.63.

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.