Arrowstreet Capital Limited Partnership Has $1.57 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Arrowstreet Capital Limited Partnership reduced its stake in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 80.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,678 shares of the company's stock after selling 176,102 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.10% of Vital Farms worth $1,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VITL. Pictet Asset Management Holding SA lifted its position in Vital Farms by 30.0% during the 4th 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in Vital Farms during the fourth quarter worth about $59,000. Blair William & Co. IL bought a new position in Vital Farms in the fourth quarter valued at approximately $428,000. Emerald Advisers LLC increased its position in shares of Vital Farms by 22.3% during the 4th quarter. Emerald Advisers LLC now owns 864,323 shares of the company's stock worth $32,576,000 after purchasing an additional 157,883 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Vital Farms by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 2,236,848 shares of the company's stock worth $84,307,000 after purchasing an additional 87,980 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Vital Farms in a research note on Monday, March 24th. They set an "overweight" rating and a $30.00 price objective on the stock. Stifel Nicolaus upgraded 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. Telsey Advisory Group reiterated 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 dropped their price target 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. Finally, Craig Hallum started coverage on shares of Vital Farms in a research report on Friday, December 20th. They set a "buy" rating and a $50.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $42.00.

Vital Farms Stock Performance

VITL stock traded down $0.60 during trading hours on Wednesday, hitting $33.16. 71,513 shares of the stock were exchanged, compared to its average volume of 1,031,546. Vital Farms, Inc. has a 12 month low of $24.52 and a 12 month high of $48.41. 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 market capitalization of $1.47 billion, a P/E ratio of 29.60 and a beta of 0.96. The company has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $35.59.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its quarterly earnings data 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. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $165.99 million during the quarter, compared to analysts' expectations of $160.32 million. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Joanne Bal sold 28,246 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $45.10, for a total transaction 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 approximately $2,677,632.10. This represents a 32.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Kathryn Mckeon sold 12,300 shares of Vital Farms stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $44.05, for a total transaction of $541,815.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,203 shares in the company, valued at $2,035,242.15. This trade represents a 21.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,546 shares of company stock valued at $3,567,030 over the last quarter. 27.60% of the stock is owned by company insiders.

About Vital Farms

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.