Van ECK Associates Corp Lowers Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Van ECK Associates Corp trimmed its position in shares of Vital Farms, Inc. (NASDAQ:VITL) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,622 shares of the company’s stock after selling 1,473 shares during the quarter. Van ECK Associates Corp’s holdings in Vital Farms were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Vital Farms by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after buying an additional 152,743 shares during the period. Marshall Wace LLP boosted its stake in shares of Vital Farms by 29.7% in the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock valued at $43,859,000 after buying an additional 214,839 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Vital Farms by 116.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 862,644 shares of the company’s stock valued at $20,056,000 after buying an additional 463,471 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Vital Farms by 73.0% in the 2nd quarter. Renaissance Technologies LLC now owns 784,153 shares of the company’s stock valued at $36,675,000 after buying an additional 331,000 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Vital Farms by 73.6% in the 2nd quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after buying an additional 288,039 shares during the period. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Vital Farms Trading Up 0.2 %

VITL opened at $28.50 on Thursday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 25.45 and a beta of 0.97. Vital Farms, Inc. has a 52 week low of $11.98 and a 52 week high of $48.41. The business’s 50 day moving average is $34.89 and its two-hundred day moving average is $36.69. The company has a quick ratio of 2.81, a current ratio of 3.24 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, August 9th. DA Davidson lifted their price objective on Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group decreased their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday. Finally, TD Cowen decreased their target price on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.20.

Insiders Place Their Bets

In other Vital Farms news, insider Matthew Ohayer sold 24,000 shares of Vital Farms 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 transaction, the insider now owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.07, for a total value of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares of the company’s stock, valued at approximately $21,531,574.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares in the company, valued at $281,243,832.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by corporate insiders.

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.