Vital Farms, Inc. (NASDAQ:VITL) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its holdings in shares of Vital Farms, Inc. (NASDAQ:VITL) by 882.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,320 shares of the company’s stock after acquiring an additional 18,252 shares during the period. Quest Partners LLC’s holdings in Vital Farms were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in shares of Vital Farms by 2,006.1% during the first quarter. Russell Investments Group Ltd. now owns 148,541 shares of the company’s stock worth $3,454,000 after buying an additional 141,488 shares during the period. Blair William & Co. IL acquired a new stake in Vital Farms during the first quarter worth approximately $333,000. Vanguard Group Inc. increased its stake in shares of Vital Farms by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after acquiring an additional 152,743 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Vital Farms during the 1st quarter worth $264,000. Finally, Quadrature Capital Ltd purchased a new stake in Vital Farms during the first quarter worth approximately $210,000. 98.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the completion of the sale, the chief executive officer now directly owns 537,349 shares in the company, valued at approximately $21,531,574.43. This trade represents a 7.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.09, for a total transaction of $938,160.00. Following the completion of the sale, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.60% of the company’s stock.

Vital Farms Stock Up 2.9 %

VITL stock opened at $31.01 on Friday. The firm’s 50-day moving average is $34.75 and its two-hundred day moving average is $36.71. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.69 and a beta of 0.97. Vital Farms, Inc. has a 52 week low of $12.40 and a 52 week 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.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, analysts forecast that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

VITL has been the topic of a number of recent research reports. TD Cowen reduced their target price on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group lowered their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a report on Monday, November 11th. DA Davidson lifted their price objective on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus dropped their price target on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.20.

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.