Vital Farms, Inc. (NASDAQ:VITL) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its stake in Vital Farms, Inc. (NASDAQ:VITL) by 52.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,326 shares of the company’s stock after selling 19,931 shares during the period. Penserra Capital Management LLC’s holdings in Vital Farms were worth $642,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VITL. Vanguard Group Inc. raised its stake in shares of Vital Farms by 9.3% during the first quarter. Vanguard Group Inc. now owns 1,801,952 shares of the company’s stock valued at $41,895,000 after purchasing an additional 152,743 shares in the last quarter. Marshall Wace LLP raised its position in shares of Vital Farms by 29.7% during the 2nd quarter. Marshall Wace LLP now owns 937,755 shares of the company’s stock worth $43,859,000 after buying an additional 214,839 shares in the last quarter. Renaissance Technologies LLC lifted 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 worth $36,675,000 after acquiring an additional 331,000 shares during the period. Emerald Advisers LLC boosted its holdings in shares of Vital Farms by 106.8% in the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after acquiring an additional 364,837 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Vital Farms by 73.6% during the second quarter. Acadian Asset Management LLC now owns 679,504 shares of the company’s stock valued at $31,766,000 after acquiring an additional 288,039 shares during the period. 98.59% of the stock is currently owned by institutional investors.

Insider Transactions at Vital Farms

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were 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 in the company, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Ohayer sold 24,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were 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 in the company, valued at approximately $281,243,832.93. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Vital Farms Price Performance

NASDAQ VITL opened at $32.34 on Thursday. 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 1 year low of $12.44 and a 1 year high of $48.41. The company has a market cap of $1.42 billion, a PE ratio of 28.88 and a beta of 0.97. The stock’s 50-day moving average price is $34.75 and its two-hundred day moving average price is $36.76.

Vital Farms (NASDAQ:VITL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $145.27 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Vital Farms, Inc. will post 1.11 EPS for the current 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.