Values First Advisors Inc. Makes New Investment in Vital Farms, Inc. (NASDAQ:VITL)

Values First Advisors Inc. purchased a new stake in Vital Farms, Inc. (NASDAQ:VITL) during the 4th quarter, Holdings Channel reports. The firm purchased 5,271 shares of the company’s stock, valued at approximately $199,000.

A number of other hedge funds also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its holdings in Vital Farms by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after buying an additional 329 shares in the last quarter. Lifestyle Asset Management Inc. boosted its position in Vital Farms by 5.1% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,345 shares of the company’s stock worth $390,000 after acquiring an additional 499 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Vital Farms in the third quarter worth $35,000. Quarry LP increased its holdings in shares of Vital Farms by 87.1% during the third quarter. Quarry LP now owns 2,414 shares of the company’s stock valued at $85,000 after purchasing an additional 1,124 shares during the period. Finally, Dakota Wealth Management raised its stake in shares of Vital Farms by 26.8% during the fourth quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock valued at $273,000 after purchasing an additional 1,534 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Vital Farms Stock Down 2.2 %

NASDAQ VITL opened at $34.93 on Thursday. Vital Farms, Inc. has a 12 month low of $14.95 and a 12 month high of $48.41. The company has a market capitalization of $1.53 billion, a P/E ratio of 31.19 and a beta of 0.90. The company’s 50 day simple moving average is $39.58 and its 200 day simple moving average is $35.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Insiders Place Their Bets

In other news, CEO Russell Diez-Canseco sold 44,728 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the completion of the sale, the chief executive officer now directly owns 613,797 shares of the company’s stock, valued at $23,115,595.02. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.19, for a total value of $1,036,560.00. Following the completion of the transaction, the insider now owns 7,014,890 shares of the company’s stock, valued at $302,973,099.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,202 shares of company stock worth $7,855,957. 27.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VITL. Craig Hallum began coverage on shares of Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen increased their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Telsey Advisory Group began coverage on Vital Farms in a research report on Monday, January 27th. They issued an “outperform” rating and a $52.00 target price for the company. Finally, Stifel Nicolaus lifted their price target on Vital Farms from $34.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vital Farms currently has a consensus rating of “Moderate Buy” and an average target price of $44.57.

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.