Invesco Ltd. Purchases 25,028 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Invesco Ltd. raised its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 229,179 shares of the company's stock after acquiring an additional 25,028 shares during the period. Invesco Ltd. owned 0.52% of Vital Farms worth $8,638,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VITL. CIBC Private Wealth Group LLC increased its holdings in shares of 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 buying an additional 540 shares during the last quarter. US Bancorp DE boosted its position in Vital Farms by 160.3% in 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 last quarter. Frazier Financial Advisors LLC purchased a new position in Vital Farms in the 4th quarter valued at about $59,000. Mendota Financial Group LLC purchased a new position in Vital Farms in the 4th quarter valued at about $62,000. Finally, Principal Securities Inc. lifted its position 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 during the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other 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 sale, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. The trade was a 6.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Ohayer sold 4,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now owns 6,966,890 shares in the company, valued at $218,690,677.10. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,124 shares of company stock worth $3,019,308 over the last 90 days. Corporate insiders own 27.60% of the company's stock.

Vital Farms Stock Performance

VITL stock traded down $0.90 on Tuesday, reaching $32.74. 60,018 shares of the company were exchanged, compared to its average volume of 1,037,004. Vital Farms, Inc. has a 12 month low of $24.87 and a 12 month high of $48.41. The stock's fifty day moving average price is $32.13 and its 200 day moving average price is $35.32. The firm has a market capitalization of $1.46 billion, a PE ratio of 29.23 and a beta of 0.96. 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 posted its quarterly earnings results on Thursday, February 27th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The firm had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. On average, research analysts anticipate that Vital Farms, Inc. will post 1.11 EPS for the current fiscal 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.