8,159 Shares in Vital Farms, Inc. (NASDAQ:VITL) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in Vital Farms, Inc. (NASDAQ:VITL) during the third quarter, HoldingsChannel.com reports. The fund purchased 8,159 shares of the company’s stock, valued at approximately $286,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Vital Farms in the second quarter valued at $2,300,000. Marshall Wace LLP increased 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 worth $43,859,000 after acquiring an additional 214,839 shares in the last quarter. Quest Partners LLC lifted its position in Vital Farms by 882.6% during the 3rd quarter. Quest Partners LLC now owns 20,320 shares of the company’s stock valued at $713,000 after acquiring an additional 18,252 shares during the period. Emerald Advisers LLC raised its stake in Vital Farms by 106.8% during the third quarter. Emerald Advisers LLC now owns 706,440 shares of the company’s stock valued at $24,775,000 after buying an additional 364,837 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Vital Farms by 35.6% in the 3rd quarter. Principal Financial Group Inc. now owns 655,811 shares of the company’s stock worth $22,999,000 after purchasing an additional 172,249 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Vital Farms Trading Up 2.7 %

Shares of VITL opened at $33.20 on Monday. Vital Farms, Inc. has a 1 year low of $12.82 and a 1 year high of $48.41. The company has a 50 day simple moving average of $34.75 and a two-hundred day simple moving average of $36.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. The firm has a market cap of $1.45 billion, a P/E ratio of 29.64 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, November 7th. The company reported $0.16 EPS 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 company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $145.27 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vital Farms news, CEO Russell Diez-Canseco sold 44,653 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the transaction, the chief executive officer now owns 537,349 shares in the company, valued at $21,531,574.43. The trade was a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Ohayer sold 24,000 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 27.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. TD Cowen dropped their target price on Vital Farms from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. DA Davidson boosted 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 reduced their target price on shares of Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.20.

About Vital Farms

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.