Wells Fargo & Company MN Has $635,000 Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Wells Fargo & Company MN decreased its holdings in Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 63.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,843 shares of the company's stock after selling 28,649 shares during the quarter. Wells Fargo & Company MN's holdings in Vital Farms were worth $635,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Vital Farms by 57.3% in the third quarter. Barclays PLC now owns 95,444 shares of the company's stock valued at $3,347,000 after buying an additional 34,758 shares in the last quarter. Franklin Resources Inc. raised its holdings in Vital Farms by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 372,583 shares of the company's stock valued at $13,066,000 after acquiring an additional 34,412 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Vital Farms by 35.6% during the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company's stock worth $22,999,000 after purchasing an additional 172,249 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vital Farms by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,398 shares of the company's stock worth $9,343,000 after purchasing an additional 74,593 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Vital Farms in the fourth quarter worth $2,765,000. Institutional investors own 98.59% of the company's stock.

Insider Activity

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $218,690,677.10. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Diez-Canseco sold 45,124 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total transaction of $1,520,227.56. Following the completion of the transaction, the chief executive officer now owns 703,736 shares in the company, valued at $23,708,865.84. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,124 shares of company stock valued at $3,019,308. Company insiders own 27.60% of the company's stock.

Wall Street Analysts Forecast Growth

VITL has been the topic of several recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $52.00 target price on shares of Vital Farms in a report on Monday. BMO Capital Markets initiated coverage on Vital Farms in a research note on Monday. They issued an "outperform" rating and a $44.00 price target on the stock. Stifel Nicolaus upgraded Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research report on Friday, February 28th. TD Cowen lifted their target price on Vital Farms from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley dropped their target price on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Vital Farms currently has a consensus rating of "Buy" and a consensus target price of $44.63.

Vital Farms Trading Up 1.4 %

VITL traded up $0.49 during trading on Tuesday, reaching $36.03. 746,303 shares of the company's stock were exchanged, compared to its average volume of 1,040,512. 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 one year low of $27.91 and a one year high of $48.41. The firm has a fifty day moving average price of $32.26 and a two-hundred day moving average price of $35.13. The stock has a market capitalization of $1.61 billion, a PE ratio of 32.17 and a beta of 0.94.

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. The company had revenue of $165.99 million for the quarter, compared to analysts' expectations of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. As a group, equities research analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Vital Farms Company 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.