Vital Farms, Inc. (NASDAQ:VITL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vital Farms, Inc. (NASDAQ:VITL) by 13.8% during the 2nd quarter, Holdings Channel reports. The firm owned 9,327 shares of the company’s stock after acquiring an additional 1,131 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vital Farms were worth $436,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VITL. New York State Common Retirement Fund grew its holdings in Vital Farms by 49.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,169 shares of the company’s stock valued at $160,000 after purchasing an additional 3,346 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Vital Farms by 21.6% in the fourth quarter. Teacher Retirement System of Texas now owns 33,074 shares of the company’s stock valued at $519,000 after acquiring an additional 5,881 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of Vital Farms in the fourth quarter valued at $304,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Vital Farms in the fourth quarter valued at $720,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Vital Farms in the first quarter valued at $656,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

Vital Farms Stock Performance

NASDAQ VITL opened at $29.28 on Friday. The business’s 50-day moving average price is $36.21 and its 200 day moving average price is $32.33. Vital Farms, Inc. has a twelve month low of $10.30 and a twelve month high of $48.41. The company has a market capitalization of $1.26 billion, a PE ratio of 34.45 and a beta of 0.96. The company has a current ratio of 3.50, a quick ratio of 3.03 and a debt-to-equity ratio of 0.04.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. Vital Farms had a return on equity of 22.77% and a net margin of 8.70%. The firm had revenue of $147.39 million for the quarter, compared to the consensus estimate of $138.41 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year. On average, research analysts predict that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Russell Diez-Canseco sold 44,381 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $43.71, for a total value of $1,939,893.51. Following the transaction, the chief executive officer now directly owns 427,839 shares in the company, valued at approximately $18,700,842.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $39.58, for a total value of $949,920.00. Following the transaction, the insider now directly owns 7,266,777 shares in the company, valued at approximately $287,619,033.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Russell Diez-Canseco sold 44,381 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $43.71, for a total value of $1,939,893.51. Following the completion of the transaction, the chief executive officer now owns 427,839 shares in the company, valued at $18,700,842.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,381 shares of company stock worth $3,911,254. 30.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

VITL has been the topic of several recent research reports. DA Davidson upped their price objective on Vital Farms from $28.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 13th. TD Cowen upgraded Vital Farms from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus reduced their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.60.

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.